The owner, a family member of one of our buyers, inherited the property through probate, but they weren’t equipped to handle the renovation.The house had been left in disrepair for quite some time, with the previous owner struggling with mental health issues.

@Eric Huntermark There are two big issues to be a real estate investor.

For example, I have a subject property that has 1682 SF on the main floor and 810 SF of finished basement (the majority of which is about 8 feet in height with the exception of some bulkheads to hide the mechanicals) and 271 of semi-finished basement that is a utility room basically (washer/dryer, freezer, hot water heater, furnace, some storage).

I could probably rent the house as-is but I would hate for it to be an issue if there was ever a fire or something drastic.

See, the majority of profit in real estate is NOT made by below market purchases.  

Personally I wouldn't feel comfortable trying to wholesale a relatives $1M home knowing that I am breaking the law if I cross over into doing anything that can be considered representing them in the transaction, and knowing it will only be marketed to people who buy properties wholesale (typically investors who don't want to pay retail prices), instead of the majority of retail buyers active in the market who are typcially willing to pay more. 

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

To help avoid a lot of these issues I would think about buying a "Modular" or use a "Tiny Home" vendor who offer these in many states.

Getting more mortgages does not help me with the two issues I outlined - spending less time on real estate and freeing up head-space.

I chose this area for two reasons, the first is that the South Gate Entrance has the least issues.