If you are worried about out of pocket costs, see if maybe a rehab loan is an option to get everything needed done now and refinance in 3 months when everything is complete.

The homebuyers program I went through wouldn’t allow me to just pay off the remaining lien they said I needed to refinance or sell the home.

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?

Use the slower months to refine your operations and marketing strategy to boost occupancy and revenue.

Quote from @Eric Fernwood: Hello @Catherine Javier,This is a common question, Whether to keep, refinance, 1031, or sell.

This has been the most successful model I have seen in real estate.This goes 100% against every guru and investor the past 5 years of get rich quick of buy, rehab, rent and refinance with little money - that video game is out of order so the gurus need to reinvest themselves and they are trying with seller financing and zero down.

We purchased this as a BRRRR on a Line of Credit, went to do a few fixes then refinance.

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45% Lessons learned?

Since the borrower has sold the property to someone on a Wrap, (not notifying the lender),  the borrower no longer can refinance to solve a DOS.

Buy, Rehab, Rent, Refinance, Repeat.