Figuring out what to do with Uncle's property. Help!

[Todd C.]

Hey all! I've just started getting back into real estate (attempted wholesaling years ago and had no success and then life got in the way). With that said, my uncle very sadly passed away about a month ago. He was a sick man and is in a better place now. He left his property to my parents (~$350K in a community) with 100% equity. Seeing as I don't have much cash to get started and I want to focus on rentals, I'm thinking about HOW I can take over this home as my parents want to sell. Is it possible to refinance the house, get my parents 70% or so of the equity and I rent it out? Outside of that, the only hiccup is its in an above 50 community, so I have to look at the rules and regulations of renting a unit out in that community. If this is all feasible, what do you all think should be my next couple of steps? I obviously want to make sure this cash flows. Thank you!!