A Payment Schedule should outline Payment Milestones, Amounts & Terms which describe the work that needs to be completed in order for the Contractor to get paid, how much the Contractor gets paid, and when the Contractor gets paid.Form W-9You will need to get a W-9 from the Contractor so you have the Contractor's Name, Address & Taxpayer Identification number which will be used for preparing Vendor 1099s for your Contractors at tax time.Proof of InsuranceBefore hiring a Contractor you need to make sure that the Contractor is carrying the proper insurance to protect your property, investments & personal assets.

I'm not sure if this would help but I am the owner of her officialDeath Certificate and in the (Informants Name) box my name is on it, I was the one who paid for her cremation and did all the legal papers after she died and I was the one who she left her Life Insurance Policy to as well as I am her 401K Beneficiary...

Loss of insurance on the house for non payment.

The mortgage would would mature March 2043  (approx 25 years) and would be $1454.50 per month (not including taxes $3794 per year and insurance - no PMI).   

I have one or 2 real estate agent contacts (1 does house flips), and I have an idea for Title company - but haven't looked into what deals they do yet. 

What type of insurance do I need to get as I will need to evict the person first and then do some rehab to make it a rental?

If you have any real estate friends (anyone who works in real estate) ask them to call a title company they have a relationship with and get a list of these properties - they can run it for you.

HiI own several multi family buildings in Central / North Florida and for example on an older duplex I pay $700 a year for insurance, which I feel is a good deal. 

Even legendary billionaire investor Warren Buffett, with all of his endeavors into energy, insurance companies and holding sizable stakes in companies like Coke and Wells Fargo, still calls his own home his best investment ever.

About 50% of the states conduct tax sales were they convey title (tax deed states)  other 50% have auctions were they just auction a lien on the property (tax lien states).