As his personal property, his ownership interest in the partnership will pass to his heirs, which may change (from "his daughter" to new wife, kids, siblings, or whoever)Now, the ex-wife could find herself in the position of being partners with the new-wife guardian of the daughter who is still a minor, which might be awkward or even destroy the property.

And with heirlooms, all the sibling/family rivalries, claims of favoritism and perceived debt that go along with them.

So I'm lucky enough to have a generous grandmother who scrimped and saved for 88 years and gave me (and all of my cousins and siblings!)

There are 3 siblings with their hand out for their share of the money so it would have to be a all cash deal.

See below please:Theroetically, can my siblings and I do what this article explains: https://www.thetaxadviser.com/issues/2018/sep/leas...What we’d be doing is lease real estate or other property to a closely held C Corporation (controlled and owned entirely by us), either as individuals or through an entity we create to facilitate this transaction.We would lease our property at as close to a realistic FMV as possible, and our C Corp (in the case of rental property for example) would lease this out to tenants.

So we talk about with few of the siblings and decide that the best thing to do is sell her house and move her out of that bad area she was in.

There are more marriages destroyed, families torn apart, siblings estranged, and future generations fighting and full of hate due to money issues than anything else.

There were problems when the owners siblings moved in with the parents.

Now, in terms of pure investment properties, aside from the larger (4+ units) generally having more potential to produce well than their smaller siblings, I believe that finding deals in ways other than MLS are extremely necessary.

Those typically will list the surviving spouse (if any) and surviving siblings, children, grandchildren, etc.