What is the standard process from start to finish so we can eliminate as much risk as possible?

I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates. 

Quote from @TJ Dittmar: @Jaycee Greene correct that is right in line with what I'm looking into. 

We did 20% down and were upwards of 15% COC return.

The main thing is making sure your investments produce a return that outweighs the cost of the borrowed money.A full cash-out refinance could work down the line, but with rates where they are, you’d be trading a 6.25% ARM for something likely higher, now that it is not an owner-occupied property, which may not be worth it unless you really need the capital to scale.

What I don’t understand is how something like this happens so late in the process.

To me it seems way less intimidating to think about becoming a real estate developer in those communities rather than LA, SF, Miami, NYC, etc. 

@Camilo Diaz did you move forward with them? 

--Did you even stop to think this through?

Seems like it is best to go with what is written in the will - split the estate and he gets 160k extra.