In larger multifamily investing it's about finding opportunities to increase revenue and/or decrease expenses to drive value.

I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

If you proceed with a deed transfer, structuring ownership via an LLC or legal agreement can outline buyout terms, profit-sharing, and future equity splits with your father and sister.

Avoid undercharging and cutting into your profits.

Make sure to run the numbers on DSCR, CoC return, and cap rates to ensure profitability.

Do you typically keep profits in the US/USD?

With my strategy I have already surpassed a big companies net profit for my client since October.

Sometimes larger portfolios for sale will have owner financing terms a seller is willing to accept (always negotiable). 

However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.

Some of our deals took 1 to 3 years or more but when we landed them ( being that timber is a high profit business) these were 6 figure net deals..