@John CerveraI would recommend you speak with a CPA, tax accountant, or estate planner, but the simplest solution (from a form lender's perspective):• Get added to title and then refinance/HELOC after seasoning requirements (usually 6 months).

Using your VA loan to house hack in the simplest, low barrier to entry way to get into investing.

This is a great question, but I suspect you're more knowledgeable than 99% of the rest of us so you may be asking the wrong crowd for advice ; ) Personally, I'd have to go the simplest route and I know it's doable.

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

@Monica Davies Yes a lease purchase option is simplest.

The question that it would bring up to me is the seller aware of disclosure laws in the state because I suspect in most states a seller is required to disclose known defects they can't simple state "as-is" like when selling a car and not tell the buyer material defects with the property. 

If mom had no spouse, the living children (in the simplest scenario -- no dead children who have descendants) own the property by operation of law.

I'm thinking this is the easiest and simplest way to do it and most likely what I'll be doing as well.

The simplest LLC a single member LLC is a disregarded entity by the IRS and the taxes are rolled right into your personal taxes as if it didn't exist at all!

The simplest way to know for certain is call the City or County planning or building department.