Three years ago, I inherited an older tenant couples from a house I bought. 

We bought a 2 family property in MA with an inherited tenant.

We do good work, having to lessen our standards because the planning on the investors part is either too tight or unrealistic is a massive hit to the conscience.

Scroll to bottom of page.Tax calculators to help determine the cost basis of a home sale, dividend, gift, and inheritance assetsAdvanced Schedule C guidance to maximize deductions for self-employment incomeconsidering you live in a state with no income tax - you won't benefit from the state program offered unless you invest out of state.I suppose you can try it once and if you don't like it you can go back to the basic version.

Did you just inherit these homes?

My first property, I bought the home with existing tenants and inherited them. 

My initial thought was to ask my father (who is living on his inheritance) for a $10k loan, but he doesn’t think that now is a good time to get into RE.

USREEB had nothing to do with the poor rehab that was inherited.  

I know some family friends that inherited one small multi family and commercial building about 4000sq ft..but they were able to live off those properties without really having to work.

When you die, the remaining value of the trust passes to your charitable beneficiary.Since the downside of this is that your heirs don't benefit from inheriting those properties, many people create a separate irrevocable life insurance trust (ILIT) to hold a life insurance policy purchased to benefit your heirs for the same value as the properties in the FLIP trust.