1.There is a trust involved.It was under my grandmother’s name with my stepdad and mom as trustee.Most deeds owned are in this trust with mortgages under either grandmother(Whom passed away about 10 years ago) or stepdad(whom passed away last year). ..but might also be commercial mortgages with them as personal guarantors.2.Before my stepdad passed away he paid cash for a complete reno but the deed to this property is in my mother’s name personally.3.She is bleeding cash without his income to try to fix this property up and do a couple major upgrades in some other properties (furnace, AC).4.Her intention is to fix part of this property up and have my youngest sister live rent free and rent out the other portion.The property is free and clear and she has invested quite a bit of money to try to get it in liveable condition but she is starting to get crunched and her credit score(roughly 650 now from 715) is coming down because of the credit she is using to try to complete the job.Are there renovation loans for this?

@Markus March so you think all in you will have $22k into it, what is it worth before and after repairs, what are rents in the area, how are you paying, who is going to manage, how long will it take, what is the neighborhood like - safe day and night, are you buying to flip, live, rent? 

My name is Eric, I'm a midwest native that transplanted to the Raleigh- Durham in 2012.

I pay $2K a month to a  mortgage, my short term goal is to find a unit that will allow me to live rent free.

The very first articles I read were "How to Start Investing in Real Estate at a Young Age" by Brandon Turner, followed by "New Investor Strategy: How to Buy Your First Multi-Family Investment Property & Live Rent Free" by Frank Defazio.  

It will give you the experience you will need when you are managing multiple units, allow you to live rent free & allow you to make some extra money.

And then after you run the numbers, realize that you might lose money if your property goes unrented above your vacancy rate, and/or you get a bad apple that destroys your home and decides to never leave and live rent free.

I bought a house while I was in PT school in 2004, and had 2 roommates that paid for his mortgage and allowed me to live rent-free.

I am looking to buy and occupy one unit to live rent free, but I will probably only be able to afford a property for 300K or less.

Whether you're buying recreationally, your new first time home, a transplant from out of town, or a savvy investor, I'm ready to aid you in all of your real estate transactions.Real estate investing has been an interest for the last 3 years, I just want to know everything there is to know about it and make it into an art form.