Quote from @Dominic M.: Quote from @Marcus Czulewicz: Hello!

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

As Hai mentioned in BC there are a couple of extra things to factor in if your parents sell it to you-the capital gains, foreign buyer's tax AND the property transfer tax all apply in BC and the middle one is not cheap (an extra 15%). 

Contract for deed seems ideal as you could be making payments to him, which helps him pay the mortgage and extra for his apartment/travel.

.✔ It provides an extra liability firewall—the AMLP owns the LLCs, preventing direct lawsuits against you.✔ Keeps operations separate from property ownership—reducing legal risks from tenant disputes.✔ Strongest legal structure in Texas—LLCs roll up into the AMLP, keeping your name off public records.📌 Best Setup for Maximum Protection in Texas:1️⃣ Each rental property in its own LLC – Shields assets from each other.2️⃣ An Asset Management Limited Partnership (AMLP) – Owns the LLCs and manages them, keeping liability separate.3️⃣ Bridge Trust® for high-net-worth investors – If you scale up, this structure protects your entire portfolio from lawsuits.Final TakeawayWhile an LLC isn’t required to rent a property, it’s one of the best ways to protect yourself from lawsuits.

. + If you're already managing your own books & confident in the output, then maybe its not worth an extra $200/mo right now. 

A solid rule of thumb is 10-20% extra in your budget.If you’re looking for a solid resource, J Scott’s The Book on Estimating Rehab Costs is a must-read.

Otherwise, you won't have the extra funds necessary to cover the rising costs of goods and services in the future.What causes rents (and prices) to increase?

Now that they know that the CURRENT system is expensive to run, they want me to foot the "extra" cost that will be incurred until the new furnace is installed.

Being furnished is also extra work, more things to break and be maintained.