It's a quirk that very few areas of the country have.Both the city and county have their own areas that have Section 8 residents, but the Housing Authorities that handle the programs are different. 

I have yet to see how Anderson handles this now that I have written this HONEST review.

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

So, things change a bit.If it is his personal home, there are more restrictions.For an investment property, if you take over his financing, read through the deed of trust (mortgage) and see how they handle transfer of ownership.

As expected, consulting with your CPA and the qualified intermediary (QI) handling the exchange is best advised.

You might try asking other investors in your area how its handled.

On the consumer side with QM I can handle conventional, FHA, VA, and USDA.

It’s also a good idea to assess their track record in handling alternative investments and supporting clients through changes.I’d be interested to hear how Inspira addresses these concerns going forward.

Your first year will be a learning experience, you will want to be close to the action, as you may not have the capital to pay someone to handle everything.

Later, you could refinance, pay off the sister’s share, and potentially renovate further to add value.The big questions seem to be how to handle the mortgage so the parents aren’t stuck paying rent and whether setting up a trust or another legal structure makes sense for passing ownership smoothly.