Family Home Refinance

[LaDerrick Langham]

Not sure if this is the place to ask this question, if not I apologize. My mom passed in November and her house was left to me and my siblings it's 5 of us. I live in Atlanta, GA, one of my brothers live in Baton Rouge, LA, my two brother's and sister live in Alabama which is where the house is located. It's a mortgage on the house ($450 a month) and the home needs about $25,000 worth of work. My sister pays the mortgage but can't get a loan to do a remodel. Me and three of my brothers have mortgages and my other brother is no help at all. My question is, is it a way to get another loan($55,000: Pay off current loan: $30,000 and Remodel: $25,000) not necessary from a bank maybe a private lender? The house is worth only $30k. I've talked to some people who said that with the remodel we can possibly rent it out as section 8 and get $700 a month (it's a 3/1). Any suggestions are helpful, and if I'm in the wrong section I apologize.