You seem to be committed to moving forward with it so all I can suggest is to bring this thread back to life in a few years and let everyone know what happened.I’m back lol. yall were right. shady mother****ers couldn’t refi, couldn’t sell.

Both properties owned free and clear by our mother but my brother has the power of attorney.

You and your Mother are a serious buyer, with cash to invest.

I also ran the numbers on my mothers home and her payoff is 4 years. 

If you watch the scene in The Exorcist where Father Damien Karras is with his mother, the radio is playing an advertisement in Greek for Astoria Park.With an endorsement like that, who wouldn't want to live there?

Lucie doesn't have any mutli-family homes however I do find homes with mother-in-law suites from time to time where you can have more than one tenant living in each unit. 

Hopefully you did not post this with the idea of offing your mother because that was what came to mind when reading your post.

Murphy's Law applies like a mother to REI.First, if you are doing all the project picking/analyzing/Comp Analysis and you don't know the market, and you don't know the formulas, and your numbers are wrong? 

it may not be your parent… maybe it is an aunt or an uncle or a grand mother who you can educate about real estate and get them excited too?  

if the answer is no.. then please keep in mind this will be next to impossible for you go get unless your financially strong enough to walk in the local bank and borrow from them. no HML is going to loan that kind of money on new construction for someone with no track record.UNLESS you put in a huge amount of cash.. up front. so were We see all these folks getting scammed is they don't realize they really don't qualify for financing.. there is some notion running around that HML are just equity lenders they are not.. they are experience lenders IE how many have you done.. first time borrower VERY short leash. so you have the scammers saying no problem  the bigger the loan the bigger up front fee they hit you with and never fund.If you have the ability to go on American Greed website.. look up the episode on Remington financial.. they were the mother of the pump and dump Due diligence scams..