But just a random stab in the dark they want you to overpay IMO 500 extra for the headache of a STR isn’t worth it, plus you’d have to furnish it and pay for all the utilities.  

Real estate is one of them because the rental income should continue to come in with you doing minimal work.

Purchase price: $50,000 Cash invested: $20,000 We bought our first single family home, a 2/1 with minimal work needed.

(All of this is assuming you have minimal experience and this other person has been investing in real estate successfully for years.

Very dark inside I will add natural lighting upstairs with sky tunnels.I will offer lower after 153 days on the market the price is still high and pay like 20% down to operate on breakeven basis.I do not anticipate homes of this vintage or neighborhood homes to appreciate much.

  ( PS EXTREME HOARDER ended up having to bulldoze the entire home LOL)so fast forward to now.. she wont sign.. she goes dark we notice here for 6 months then finally file suit. that takes a year or more to get to a trier of fact ( judge).. she stalls twice more.. and on the day of trial she is a no show

You might not owe that much tax because the gain will always be taxed as long term capital gain in the inherited property, and Depending on your tax bracket, you might own 0% tax or max of 20%.You need to ask your aunt what is her basis was and ask if any work was done to house to minimize your gain. 

I raised the question about pulling title, closing costs, points, etc and he said "The costs would be minimal on a small cash out like this, I'll work both out and show you." 

", and "Get playful in the dark". 

@Robert, I can give you the name of somebody who goes out and photographs properties for tax sale investors for a minimal fee.