Pay a pro to come out and give an opinion is your best bet.

Consider giving all partners active roles, if you want to keep it as JV, but again - attorney's advise is your best bet in this case.The LLC that is buying the property must be registered in a state where the property is located.

When it comes to commercial, costar is probably the best bet you have, and that isnt even that good.

Off-market deals would probably be your best bet if you want to go the seller finance route, and would have to be a strong deal at that as sellers know the strength of the position they have in this market.A suggestion - look over next door to Durham, or even a little farther over to the Triad (Winston-Salem, Greensboro and High Point).

And if they don’t have these things I bet they can point you in the right direction.Back to your original question:If I inherited money I would buy a rental home with conventional financing and go from there.

But I bet he would have regretted not buying back then.Market timing is impossible

I would bet you should start by asking @John SemanchukKeep in touch if you want.J

I would bet my bank account on 99% started with less than $100k. 

That means you purchased the property at 93% of the value...and after I place your closing costs....I bet you would be right at 95%.  

All that said, you're best bet is to talk with @Tim Swierczek.