He has custody of the other siblings. - Also now that she passed away, who is the owner of the Property?

Hi all, I co-own a three unit rental in North Jersey  with my two siblings which we rent out. looking to from an LLC or LLP.

Looking back I think my parents were concerned about kid safety and having my younger siblings mimic that behavior.    

There is still bad feelings among the siblings, even today.  

Then you will need to be careful as to what other siblings or people might be involved in the probate process to have right to the property.

If they are using a Fannie/Freddie type of loan on an investment property then gift funds are NOT allowed at all.Gift funds would need to come from a blood relative:  Mother, Father, sibling, children, grandparents are all fine.  3rd cousin twice removed is not fine. 

Initial discussions with owner disclosed it was held in a family trust, 4 siblings all over 70, had an offer 6 years ago for $1.6M, and now they wanted $2M for it, way over valued.

My grandmother left it for my mother and her siblings.

However, at the age of 22, the stork dropped off my toddler sibling and soon after a judge granted me permanent legal guardian.For a long time buying a house seemed out of the question.

Husband and wife or 2 siblings will work together.