I think she could end up being a long term, low-fuss tenant.We've never rented to anyone with an adult child lik ethis that we intend on getting an application from and running the background check and standard stuff on both and putting them both on the lease.My question is do you hold the adult child (or any other adult co-applicant in other scenarios) to the credit score limit of your criteria??  

But they do allow an inspection period within which you can back out usually 7 days [in my limited exp.], although the prop is sold as is and they will make no repairs.

[I believe BP has their own Analysis calculator too which can be used a limited number of times - unlimited once you become a Pro Member, but I haven't used it].I didn't change the default down payment - i believe it suggested just $12k.

"The self sufficiency test states that the maximum mortgage is limited so that the ratio of the monthly mortgage payment, divided by the monthly net rental income, does not exceed 100 percent". 

If your offer is accepted make sure you get a escrow company, closing agent or lawyer or whatever is used in Illinois, that is familiar with probate.If your PR has limited authority and needs court approval to sell assets make sure you understand the court confirmation process and auction if there is one.

Account Closed brought up is a great one, but be aware that it limits you to a four unit property.  

I have limited experience, but I'd be more than happy to work and help them for free.

I don't know enough to have a favorite path yet so I figure why limit myself to one path. 

@Brian GraybowAs you know that will be limiting. 

This would be a cash purchase so as to limit closing costs.