I will handle my moms estate want to develop a plan for rental house now

[David Hayman]

I will have to cash out three siblings and do maybe $40000. In rehab. Close to very good schools , very safe quiet area higher income area has a pool it is a 1950s ranch. Four bedroom two bath  single story on a flat third of an acre lot. In California I think I can with prop 13 keep her old tax base maybe $1000. Per year verses $6000. or more at current market ? What do I need to do to lay out plan from here?