Purchase price: $220,000 Cash invested: $6,000 Fixing up and updating to turn it into a rental once I move in 2-3 years.

If I had to make repairs or updates to the property they'd happily oblige and even went out of their way.

Then they said they allow for an amendment stating any excess seller concessions are to be be distributed to the buyer at close to purchase appliances or update systems within the home.

My layman impression is that if both of those points are true, you get contact info on the heirs, update your files, and continue to deposit checks.If they are not paying, the key is to find out who the executor is.

Thank you for the update @Mindy Jensen!

@Eric Johnson latest update is we need to also pay the wholesalers transfer tax, which requires us to pay double tax in PA.

., Steven - it is unnecessary), plus it was a pain in the back side to keep and update on a continuous basis. 

All units are cleaned well and some updates have been made to paint, flooring, bathroom fixtures, and 4 new windows.Here are the negatives: No central heating or air, built in 1946, the duplex is metered together & costs approximately $150 per month, there are small waves in the flooring in 1 of the bedrooms, no stove or other appliances yet added.My thoughts: Some of the numbers seem too good to be true but at the same time I can't help but see big rehab numbers if I need to get HVAC and ducts installed (this makes me the most nervous).

The property needs 35-40K in repairs/updates and I plan on living in the property while I do the renovations.

Focus on updating the exterior now for curb appeal, and then tackle the interior once the tenant moves out.