Buying from a family member after settling a lien.

[Charles Bradley]

Hi BP Family,

I am a newbie looking to invest is real estate in the Pittsburgh, Pa market. My first project that I want to buy is a home from my grandfather who is 90 years old that I will turn into a rental. He no longer lives in the house but he wants to keep it in the family. After we settled the lien he has title in his name. It needs about $15k in work and the ARV is about $100k. Is there any laws, restrictions, tips or tricks to make this first property great deal or are there unforeseen challenges that we may run into?

Graciously,

Chuck