Later, you could refinance, pay off the sister’s share, and potentially renovate further to add value.The big questions seem to be how to handle the mortgage so the parents aren’t stuck paying rent and whether setting up a trust or another legal structure makes sense for passing ownership smoothly.

Any updates to share?

Would a low enough sales price make all of my concerns go away?

Don’t hesitate to reach out with questions or to share updates.

It’s when I realized that I need to get the lion’s share of my efforts, not pass them on to managers upon managers above me.

Quote from @Shaun Ortiz: @Dominic MazzarellaThanks for sharing your process, Dominic!

Have a proforma for calculating your returns I can share as well.

Would you mind sharing what spaces you've invested in AZ? 

Thanks for sharing your insight!

@Courtney DuongSomeone on BO actually shared their spread sheet with me and it has been super helpful.