The property was handed down to my wife's siblings after her dad passed away.

Keep it simple - sell the property and let each sibling do what it is that they want.If you keep it and do a refinance(to pay for the bills)Who will be on the loan, will it impact everyoen's DTI?

Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

Yes, it sucks we have to pay these people when they've hijacked my mom's house for more than a year without paying even a cent, but it's a huge sigh of relief for my mom, my siblings, and I, who have stressed over this for all of last year.

It takes away your trump card... who wants to evict a sibling? 

Hi, 3 siblings inherited a property in Los Angeles earlier this year.

He is 22 and lives at home with his parents and 3 other siblings. 

The idea of all of these is you're just making extra payments that go directly to the principal one way or another.I happen to have a sibling that paid off mortgage in about 5 years.

Just a little context I barely have a creative bone in my body I like to joke that my siblings took all the creativity for themselves this step personally was my hardest step. 

Home needed some work.Lovely group of siblings who were very easy to work with!