First is a $356K sale dated six months ago, and a $318.6K dated 5 months ago.

@Ronald Holloway  I split your post into its own thread.First, when you inherit a property your "basis" for taxes is the value of the property on the date of death. 

We felt for the longest time like we were on an island with real estate investing but it's great to know there are so many others.To date, we've been focusing on buying rentals.

8' ceilings look dated. 9' makes a huge difference.

If they're moving in on the 1st and the property is vacant, I'll give them a few days before that date.  

One of our attorneys said don’t do it, wants me to set it up as purchase and sale at a future date, bit pricey too.

Gal at the courthouse said they were up to date as of July 10th.

What's your date for the sheriff sale?

She just wants this house gone.The property is 30 months behind on the mortgage, but a sale date has not yet been set.

It is a single-family in a desirable school district, an older house with a somewhat dated floorplan , where the owner originally lived in it . . .subdivided the lot and sold off the back portion where a 700K plus house now stands.