They’re not in a financial position to keep the home and are worried about it going into foreclosure.I’m potentially interested in buying the property, but I want to approach the situation carefully and respectfully.What’s the proper process for buying a home in this kind of situation (no will, possible probate involved)?

I’ve been involved in multifamily real estate for over 20 years, working across a wide range of property types and markets.

The IRS generally makes it hard to show that rental activity counts as active involvement, since they see most of it as “not intensive.”

Why not just get a JV partner involved for funding of the downpayment.

The deal involves 2 properties on one lot.

Trade or business activities are activities, other than rental activities or activities that are treated under § 1.469-1T(e)(3)(vi)(B) as incidental to an activity of holding property for investment, that—(i) Involve the conduct of a trade or business (within the meaning of section 162);(ii) Are conducted in anticipation of the commencement of a trade or business; or(iii) Involve research or experimental expenditures that are deductible under section 174 (or would be deductible if the taxpayer adopted the method described in section 174(a)).

I am involved with the business side, as an investor focused agent based out of New Hampshire.

Some BP members mentioned being introduced to this from a company called Tardus I have no way of knowing of their involvement other than what folks posted here.

However, I would generally not recommend condos as there are too many risks involved over the long term. 

It also increases criminal penalties for criminal mischief related to criminal trespass involving a home and engaging in a real estate transaction involving property the person does not have a legal interest in.