Minimize expenses and pocket as much of that $60k as you can.

The down payment wouldn't be minimal if your finances were tight.

Not necessarily turnkey but should need minimal repairs if at all

@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.

Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

Its free and clear so the expenses will be minimal to hold it for a few years.

I am more so looking for turn-key properties or something with very minimal updating needed.

Zillow seems to do minimal verification of information provided and that just isn't good enough.Your situation does seem strange though. 

Consult with a tax advisor or attorney familiar with both partnership law and real estate to ensure compliance and minimize tax liability.Once under a TIC structure, 1031 exchanges for individual members could allow them to reinvest proceeds from the sale of properties into new ones without triggering immediate capital gains taxes.

@Tyler Speelman Your strategy to assist your sibling with a down payment while minimizing tax liability is creative but comes with complexities.