I inherited rental properties from my mother in a hot area, only issue is I know not how to deal with bank.

The person I contracted with is the executor and I am  using a sales agent. the house was left to 12 siblings and a grandson that lives with a step mother somewhere in the middle east.

They say "necessity is the mother in invention" ....... but your timeframe for invention is tough so let's be honest. 1.There are no good choices made under duress. 2.

The one children of the owner have power of attorney who I’m talking to about buying it with, but they all insist that they cannot sell the house until the mother passed away because that’s what they promised her.

I bought this alongside the other, so same story as the last... as early as 12 perhaps, my mother - who is a Korean-American immigrant - engrained in me two defining principles that have literally guided me to the here-and-now:1 - Invest in real estate2 - Work for yourselfSo that's what I decided to do at age 20 as a college-undergrad who didn't feel as if the traditional path of Bachelors Degree - graduate - Masters Degree - graduate - 9-to-5 until retirement was the route for me.

Living in one room and renting out anotherBuying a multi family and living in one unit while you rent out the othersLiving in a SFH and renting out your garage to someone Using your mother in law suite as an AirbnbEtc. 

But a few options are Short term rentals, Medium Term Rentals, turning a single-family into a multiunit through an ADU or a Mother-in-law suite, or renting by the room!

We open the box and it’s the ashes of the renters mother .

Therefore I would have more cash but less access to equity and also wouldn't have my portion of the rental income.Locally, 1bed/1baths rent for $1800-$2200, 3bed 1 bath for $2500-3000 these rates are pretty standard right now based on my comps and what I know about the area.The house also has a 3rd mother-in-law unit that I would plan to live in while renting out the other two units.If sold it would be unlikely that I would be able to buy in this neighborhood or close neighborhoods for a while.

My wife and I would walk a property here and there but finally came across a small home in South Salt Lake that had a mother-in-law apartment.