Finance VS Cash on a Rental (w/Caveat)

[Cody Culberson]

Hi all, 

Question for you seasoned investors/landlords:  I understand finance is typically the way to go if the desire is to scale up to more rentals.  However, my situation might be a tad different.  My siblings and I have been willed a property that we have agreed I will buy from them at a pretty deep discount, and I was planning to buy it from them with cash.  Since it's a different kind of scenario (buying from family vs buying traditionally), if I wanted to finance this property would I just approach the bank for a traditional loan?  

At this point, buying in cash is the attractive route because purchase price + rehab would still keep me considerably under market value.  

Any help/insight would be greatly appreciated!  Thank you.