Me and my siblings inherited the GA house 3 months ago (tenant occupied) which is free/clear.

In New Hampshire's rolling hills and lakes so blue,The housing market has seen a shift anew,Multi-family homes now take center stage,As people seek to share their living wage.From Portsmouth's coast to Concord's bustling streets,Families seek homes with plenty of seats,For grandparents, cousins, and siblings too,A space for everyone, old and new.These homes offer more than just a roof,Communal spaces and shared resources, a proof,Of the growing trend towards cooperation,As families seek to build a strong foundation.Investors too have taken note,Seeing the potential in this new remote,Of the multi-family market in New Hampshire,A win-win for both renters and their managers.So if you're looking for a place to call home,A multi-family dwelling may not roam,From the rolling hills to the city streets,A cozy nest awaits, where love and community meets.

Properties are in Central Florida.We recently went under contract for a pair of duplexes off the MLS, and were able to negotiate a decent reduction off asking (about 12 k per property) of these two side by side duplexes, 2 individual lots/contracts but from the same owner (a group of 3 siblings who inherited these investment properties 3 years ago). 

My wife’s uncles (her dad’s only two other siblings) also did time in prison.

First off let me say I'm at work right now writing this post and I'm using voice text so any misspellings I apologize hopefully it'll come out legible So I found out last night that my grandmother died and now the house that she was living in goes to her for kids one of which is my mother at the end of her life she was in a nursing home and incurred medical cost and from the information that we found out Medicaid wants to take the house and sell it off for unpaid bills I know that my mother is two sisters have already signed off on it and don't want anything to do with the property itself I'm unsure about the third sibling but my mother is interested in keeping the property and either fixing it up to rent it out my question lies and whether or not Medicaid has a right to pull that where is Medicaid a federally funded program We were told that her bank account was frozen and none of the other siblings want to take over the mortgage payments because the house hasn't been kept up on in many years so it sounds like Medicaid or the bank is trying to force a foreclosure to take over the property if my mother keeps her vested interest in the property what options would she have as far as being able to to flip the property any information about this would be great if there is additional information that you need I can do my best to provide it I'm kind of lost hereAlso if there's a better forum to post this topic and please let me know

(l) Treatment of certain losses in insolvent financial institutions (1) In general If— (A) as of the close of the taxable year, it can reasonably be estimated that there is a loss on a qualified individual’s deposit in a qualified financial institution, and (B) such loss is on account of the bankruptcy or insolvency of such institution, then the taxpayer may elect to treat the amount so estimated as a loss described in subsection (c)(3) incurred during the taxable year. (2) Qualified individual defined For purposes of this subsection, the term “qualified individual” means any individual, except an individual— (A) who owns at least 1 percent in value of the outstanding stock of the qualified financial institution, (B) who is an officer of the qualified financial institution, (C) who is a sibling (whether by the whole or half blood), spouse, aunt, uncle, nephew, niece, ancestor, or lineal descendant of an individual described in subparagraph (A) or (B), or (D) who otherwise is a related person (as defined in section 267 (b)) with respect to an individual described in subparagraph (A) or (B). (3) Qualified financial institution For purposes of this subsection, the term “qualified financial institution” means— (A) any bank (as defined in section 581), (B) any institution described in section 591, (C) any credit union the deposits or accounts in which are insured under Federal or State law or are protected or guaranteed under State law, or (D) any similar institution chartered and supervised under Federal or State law. (4) Deposit For purposes of this subsection, the term “deposit” means any deposit, withdrawable account, or withdrawable or repurchasable share. (5) Election to treat as ordinary loss (A) In general In lieu of any election under paragraph (1), the taxpayer may elect to treat the amount referred to in paragraph (1) for the taxable year as an ordinary loss described in subsection (c)(2) incurred during the taxable year.

We threw a sibling in to make it a 3 person llc with a 1% so that they can be a decision maker.

By family I mean, siblings, parents, aunts - their all just as lost as I am and need help.

What if siblings don't pay taxes on the property?

It's presently owned by 4 siblings, scattered all over the country.