I just should have done my homework.

We closed on them before finding BP, and running the math backward, the numbers could be better.

in the future...I could possibly purchase another property but like having a 15K+ savings cushion for problems should anything happen.I would if my math is correct, cash refi about 50K at 3% at 30 year mortgage or lower rate (265K loan to 315K loan example) and with about paying 3-4K in closing cost, not increase my mortgage payment by much and yet have 50K or possibly little more cash for next property(ies) down payment..Thank you for any advice

Since you are on this site, you will probably go through the math and cash out refinance down the road to get equity! 

I’m an now learning the hard way about how important it is to make sure the numbers and math behind a deal need to make sense in order to do a deal unfortunately.I bought my home to live in a few years ago in Visalia California.

Did the ARV, Comps, all the math I needed to do.

I have read there are strict heirship rules ... am not exactly sure what these entail ... seeking out legal counsel will be a necessity. yes, please do some homework with a lawyer first.

Also, it helps to do your homework!

Keep in mind that there are additional challenges investing remotely so consider a seasoned partner and really do your homework.  

I saw forum and video of just doing the math and putting in a bid that works for you, even if it’s super low.