.- Don't try to skip necessary repairs (it will ultimately cost you more)- Practice your negotiation skills- Buy your own finish materials- Stage (will save on holding costs and may get you a higher sale price)- Hire an inspector to inspect your house before you sell (cheaper to fix things BEFORE the new buyer finds them)

However, an internet search reveals that she no longer practices real estate law because she resigned/was disbarred for "engaging in conflict of interest in a real estate transaction and neglect." 

I understand the theoretical process well in terms of how to find these potential motivated sellers but I am kind of hung up on the practicalities of how to follow through once an agreement has been made on a selling price.

However, what is common practice? 

Bill that's an exceptionally answer Brandon if the house is listed you going to come in hard with all cash if you don't have all-cash don't botherRescuing somebody from foreclosures have forclosure rescue lawsyou going to have to be very very careful today dealing with rescuing somebody from foreclosures The best start for new people I think is to get your license and practice your listing presentation and then understand creative finance, like sub 2, lease options, wraps, etc

I read somewhere that it was a good practice to change the locks, but it sounds like with existing tenants, there is no need to.One of the tenants just went month to month and wants to sign a new lease, so I will be able to transition them fairly easily.

Though, with what seems to be constantly changing rules, regulations and interpretations, it may not be practical.

There is also a drawback for buyers working with individuals who practice this, so be aware.

. --- I am a lawyer that practices and invests in Pennsylvania.

From a practical standpoint if the heirs and never coming back it won't matter until you decide to sell the property.