The goals:  To rehabilitate a 12 unit multifamily in central Maine (fully occupied ~$45K net/year)I plan to hold, currently appraises for $400K,  no debtMunicipality is interested in lending up to $250k for rehabDecent credit, several banks said "easy" to $200k mortgage  To refinance the debt/mortgages (~$100K+) of a dying a family member (Bob)I am not completely aware of all of Bob's debts/legal issues and they will be numerous (cursory title exams reveal debt roughly 1/10 of conservative valuation of assets)Several properties are income bearing, or could be income bearing (max gross of ~$4,400/mo within 6 months)Place the remaining assets (after debt payoff) into a trust for the heirs to split.I several options/ways to go about doing something like this.

The home need rehabilitation. 

Hello,My name is Tom, and I am interested in buying, rehabilitating, then selling residential homes in the Cleveland, Ohio area.

I lost upwards of 30lbs with the expense of one injury rehabilitation. 

Private lenders, rehabilitation loans/grants, refinance options?

I have searched for properties and its the really old ones from the 1950s and older that appear to be high risk. I was think that since I have lived in homes from the 1970s and up, there would not be any risk of asbes...

You must pass the "Substantial Rehabilitation Test".  

I now have my days off to focus on the real estate company because a year ago I started working in the evenings and night as an addictions counselor for a local rehabilitation program.

As I am in my 70s I don't rehabilitate.

It might be different if you were buying NPN's and trying to Rehabilitate them as there is a larger upside.