inlaws...property...and taxes

[Bj Carvalho]

Hey folks,

I'm exactly sure where to post this question...so I suppose it will get posted here for now :-).

My in-laws are both retire and on fixed incomes.  They have paid off their condo... but pay hefty utilities/maintenance fees.  They live on different island than my wife and I (Maui vs. Oahu - HI) and want to move to Maui.  We are looking to build them an extension off of our current house, but want to somehow leverage their condo to help defray the costs.  Could a quitclaim deed be done for something like this?

The condo was build in the 70s and has not seen ANY upgrades since...which makes selling for any real money (market value or at least close to it) an issue as they have no money to put into it just to sell.  There are a few more complications, but this is the gist of the main issue.

We can't afford to buy it off of them, repair, then rent while build them the extension to live in (for free) all at the same time while paying our mortgage.  Just looking for any experience in anything like this or cost effective solutions...?

Thanks.

BJ