Now I am inheriting a huge fixer-upper in Dallas which we will probably live in for a few years after it is repaired.My ideal situation with REI is to buy and hold multiple properties while also flipping a few per year to supplement our income.

Quote from @Louis Hamilton: The property is worth around 800,000 and has no mortgage on it.

If your guests are leaving standard 5-star reviews, that’s great—but if those reviews could apply to any rental in your area, you’re still competing on price.If they’re leaving raving reviews, your property becomes the go-to choice—at premium rates.

Start with books like The Book on Rental Property Investing and The Millionaire Real Estate Investor, use BiggerPockets for networking and deal analysis, and leverage tools like Redfin, PropStream, and Rentometer for market research.

How to Structure the Deal to Protect Your $20KIf you’re willing to cover the $20K arrears, here’s how to protect yourself:Option 1: Secure Your Funds with a Lien or Escrow AgreementUse an escrow account: Deposit the $20K into escrow with clear terms—if the assumption is denied, the funds return to you.Record a promissory note & lien: If the deal falls through, this would give you a legal claim against the property to recover your funds.Option 2: Sub-To + Wrap While You AssumeSubject-to deal: Take over the existing loan payments before assumption approval, securing control.Escrowed deed transfer: The seller signs the deed into escrow only to be recorded after assumption approval, ensuring they can’t back out.Lease option fallback: If the assumption is denied, consider a lease option agreement until another solution is found.Option 3: Negotiate a Seller Financing HybridAsk the seller to carry a small second note for the $60K equity gap at favorable terms.Use your $20K as a down payment, structured as a secured loan against the property.3.

The loan would be secured by the property.

Inheriting it is the best option tax wise- because it gives you a step up in basis to the property's value on that date. 

The property is in g rear shape and the numbers work well.

We are working with our property manager getting everything ready to go- we are just a few weeks out from going live (fingers crossed).

Any property managers in yosemite (oakhearst?)