Thank you for the input, i’ll definitely consider that once we take possession and meet with the tenants.

While Aaron is correct that if you terminate a MTM tenancy and the tenant refuses to move you still have to go through with an eviction (unlawful detainer) to recover possession of the property, here's the big difference between a MTM tenancy and a tenant on a year-long lease right now...Let's say you have a tenant 6 months into a year long lease who stops paying rent. 

Durham in general is a great location, being near Chapel Hill and Raleigh it also possesses a great Vacation/Air BnB opportunity.

You would work with the lender to "short" what is owed to them on the note, so that you can buy the property for less than what the note actually is.Once the bank actually forecloses on the property and takes possession, it is called an REO (Real Estate Owned).As Tom already shared with you, once it is listed you would put in an offer with the listing agent.

However , a policy has an exception for future heirs or spouses having right of possession , but that policy was issued to HUD .

That makes sense, keep the money in escrow until the previous title holder is paid, and current seller takes possession of the title.

Honestly it can mean both but if you are talking about Tenants In Common then they both have the whole bundle of ownership rights and not just the right of possession and enjoyment etc.  

Tax expertise can come in a very wide range of billing rates (from relatively inexpensive, to thousands of dollars per hour), the goal being to find those practitioners with affordable rates yet possessing all the necessary technical skills you will be looking for to help you establish your chosen activities.I notice you are posting from Canada.

The odds of a claim during your possession are very very very low.  

Your funds are to be in our possession within 48 hours of an accepted offer.