You see, when someone dies, in most states, there is a process by which creditors are notified of this by way of legal publication in the local paper of broad distribution.

It spells out that you will be keeping their deposit for not completing the lease and says when they return the property to you, they need to leave the place in good condition and clean or maybe subject to additional claims.BTW you can't "just keep their deposit".

There is also an issue because the seller did not disclose that there is still existing debt on the properties, he sold them subject to that debt.

I would equate that furnace to a wall heater, which contains no ducts for efficient distribution of the heat.

Tasty subject Dustin.

But I am open to subject-tos, lease options, and even flipping.

An appraisal can be done based on "as is condition" or based on "subject to improvements".

My other litmus test comes from my prior cable days, which might place it at 9X to 11X cashflow (NOI), which also places value very near $80K.The capital improvement required in the water distribution system seems like a no-brainer, but absent separate metering, I wonder if you could immediately divide the water bill by the current quantity of tenants and have them begin to pay this immediately?

I'm seeing quite a few investors work with the owners to take over so the owner can move on, through subject-to, wrap, or lease-option deals.

The Accredited Investors subject came up.