If the record owner is deceased, absent a secured creditor gaining title via foreclosure, you'll need to find someone with standing to legally be able to pass marketable title to you.Determine PETIO:PropertyEquityTitleInterestsOpportunity.Check death certificate, obits, neighbors for leads re: relatives, social media, and obviously name search the decedent online. 

Originally posted by @Eric F.

Senior Citizen tax benefits hint that the owner might be dead so I also check the Social Security Death Index (Ancestry.com, subscriber service).CAMA.

Give them the security they seek.  

@James W. , I had a similar issue on a 100 years old house too.in my case i resolved by improving a badly designed/implemented gutter system (all the rain water was just dumping over the walls, soaking into them then getting into the basement) and diverting that water away from the house. 2xprimer + 2x good paint.maybe this is the case here.if you don't want the hassle of getting rid of the existing tenants, vacancy and finding other (hopefully) better suited tenants, maybe first you can just paint the place inside and outside and resolve any safety issues (rails). what did you repair to the place?

With LLCs, earnings typically 'passes through' to the owner of the LLC and you then pay taxes just as you would individually.If you plan on long term real estate investing, the duration or life of the LLC may become an issue in securing certain types of financing – especially under the name of the business entity.

you first need to determine if there enough equity to warrant all the effort.I suggest secured debt < 50% LTVHere's my format:PropertyEquityTitleInterest(s)OpportunityNo one dies without any heirs.

Thank you Darren.Here's a link for detailshttp://www.zillow.com/homedetails/1821-W-Fairmount-Ave-Milwaukee-WI-53209/40407257_zpid/Appreciate your feedback.

There were some strong lessons learn from those experiences like cash reserves, due diligence and property management.Wife and I are interesting in getting back into real estate investing with goals of long-term cash flow to secure a good retirement in 10 years. 

She now has a pretty secure, well paying job but she also wants something more.