Hi I'm from Philadelphia, PA we don't have access to the city public records online of probate inherited properties or register of wills estate.

I am reading the book "Millionaire Next Door" which had been rec'd by a few podcast guests if I recall.They discuss the following formula as a guide to what your net worth should be:Multiply your age times your realized pretax annual household income from all sources except inheritances.

I will close on a property August 31st and need advice on how to handle inheriting tenants.

When we inherit a tenant on a M2M lease and are considering keeping them, we require them to fill out an application just like a new tenant.

If so, that's going to lessen the amount of cash in your bank account each month, as your mortgage payment is higher than it would be on a 30-year amortization.

Any tips on this one? Home owner in Oregon died, put sister in Alabama in charge of estate, rental home in California was in trust. Sister instructs lawyer to put rental home in her nephew's name. She has no idea why ...

One of the partners got an inheritance about equal to his 30K earning for the year - that allowed him to max out his contribution by using it. 

I've been interested in getting into real estate for the past 6 or 7 years but even more now since I've inherited my parents first home.

Coincidentally, I just did a 60 Day Notice to Change a Rental agreement for a property I recently purchased and tenants I inherited who were on a M2M.As in your case, the rents were significantly lower than the market and since I was going to increase it by more than 10%, CA requires a 60 day notice instead of a 30.As you mention  that a vacancy wouldn't be a problem, my suggestion is to either talk to them in person if possible (I would have done that if the property wasn't so far) or send an email with the notice attached.  

Im also working on an inherited vacant property as my next investment.