If they are, then the enemy method works.

Not only that he gets stepped up basis and sell with no tax  double check that with accountant but I think that is correct.. then take the cash put it in 5% gov bonds for now then get up to speed and see what you really want to do. 

Like Patrick mentioned, I’d say starting with a long-term rental might be a better first step.

@Laura Casner, personally, I try to step back and think about why I am doing this, as others mentioned.  

Good luck All this :)  Of all the properties I purchased for my portfolio only 1 was truly "off market", 2 were foreclosures "on the steps" and the rest were on the MLS. 

When I went through this process, I found guides like this one super helpful for breaking down steps and understanding what to expect.

From having 3 step kids and 10 grandchildren,  I know that kids can cause some damage.

The BRRRR method is tricky here as we've had some of the highest appreciation in the US over the last 5 years.

It really helps me with a real 'picture' of step by step events.You're welcome!

Mentees need to step up their game and make the offer to those who can help them.