Would you buy a partial ownership given the pitfalls?

[Robert Steele]

I might have an opportunity to buy a one third ownership in a nice single family property. The property is well maintained from the outside. It is owned by a husband and wife and another family member. Assume that I can acquire the ownership of the husband through a hostile action. Also assume that the property is worth $210K and has a $135K mortgage with all three owners on the deed of trust. Finally assume I can acquire this ownership interest for $10K. Does this sound like a good deal to you?

Some concerns that I have are.

1. Getting access to the property. Even though I am a third owner I do not have possession. I also cannot evict the other two owners.
2. Making a profit on my investment. Can I force the other owners to pay me rent? Perhaps I can get them to buy out my share (unlikely or they wouldn't have lost it to me in the first place). I can always file a suit to force a sale of the property but this opens up another can of worms. If the people living there wan't to be belligerent and not allow any showings. If they decide to trash the place. If they decide to stop paying the mortgage. All of these would be shooting themselves in the foot but whoever said people were rational.
3. Bad karma. I know this is a business butt forcing a family out of their home that have done nothing bad to me just doesn't sit well.

So $10K for a $25K stake in a house that I am not sure what to do with. Or force a sale minus legal fees, selling costs and headaches to double my money maybe. What do you think?