From these three avenues of education you will begin to learn about several other sub-topics which will play an integral part in your business.* Marketing* Negotiating* Building a Team ( Agents, Attorneys, Contractors, Accountants, Other Investors....)* Farm Areaand so on..

That ain't fun if you've used your money for deposit, waited 3-6 weeks for court date only to have Johnny come lately snag your deal.In my state, CA, the underlying document you would want to review to determine level of powers in referred to as Letters Testamentary.

There may be great appreciation plays.  

That said, I also hate smoking and don't allow it in my units either, but situations like these are part of the fun of inherited tenants.

They can really mess things up for you if they want to... lonely people like to cause problems for others.Good luck and have fun.

The potential is absolutely there. 80-100k profit depending on the rehab budget.All that is nice and fun but meaningless without the ability to get a loan or backing.

Your base flood elevation plays into it.

You will prolly have to pay the fees that would have had to be paid if the contract played out.  

Hey @Kevin Andrews It's been a few years, wondering if you could update the community on what you ended up doing back in 2015 and how it's played out for you!

Just for fun - http://www.kpbs.org/news/2015/aug/03/survey-says-s...