the mobile detail company we purchased for $10,000 after getting home from a summer of selling pest control door to door in New York!

I've never stayed in a hotel or short term rental where I couldn't control the temperature.

Assignment is the legal term and is not limited to the length of time the property is owned or controlled by the assignee.

Since my grandpa's wife is passed already, he has full control of the property, but if he were to sell the house, he would have to pay his wife's family a percentage of the sale, but he doesn't want to do, he would rather take out some type of loan (what loan is best in this situation?)

You talked about location and size, but how are the things you can control? 

This is a really significant strategy, because getting control of even two or three buildings can change the course of your financial future.

A local property manager can handle tenant screening, maintenance, and rent collection, which is especially useful if you’re not living nearby.Legal and Regulatory Considerations:Local Laws: Be aware of local rental laws, including landlord-tenant laws, rent control regulations, and short-term rental ordinances if you consider Airbnb.HOA Rules: If the property is part of a homeowners association, review the HOA rules and regulations regarding rentals.Financial PlanningRental Income: Ensure that the projected rental income covers mortgage payments, property taxes, insurance, maintenance, and property management fees.Tax Implications: Understand the tax implications of owning a rental property, including potential deductions for mortgage interest, property taxes, repairs, and depreciation.

This situation was beyond my control and I took quick, aggressive action. 

Do you want checkbook control or custodial?  

Dave Ramsey had $12 million in real estate as a young 20-year-old in the 80s and it all came crashing down when something beyond his control changed in the market.