Alternatively, inheriting the property and doing an internal buyout (where your wife and you buy out the other heirs) might allow you to bypass some typical closing costs.Renovating and Flipping: If the home is in need of significant repairs, getting an accurate estimate of the renovation costs before making an offer is critical.

Alternatively, he could hire a handyman, etc. to finish up what he was responsible for and he can pay them directly.Alternatively, since you both own it, you could take on 100% of the management and your brother pays you X% of the rent like a property manager.

Also look into doing a live-in-flip, it's a great house hack alternative in this market.

Looking for an alternative.  

BTC and real estate are not alternatives for the same goals. 

If you’re just starting out, a long-term rental could be the safer bet for consistent returns and lower management hassle.On the other hand, some investors prefer out-of-state opportunities for better cash flow and affordability.

If that's the case, then.... as LP we donot care about who is managing the asset, but don't you think it's always safer/better to invest directly to the lender?

@Maurice SmithColumbus is a good alternative to west coast appreciation, the numbers still make sense if long term growth is still the #1 priority 

Alternate idea?

An attorney can help you understand the likelihood of success and whether it’s worth pursuing or if there are alternative strategies that could yield better results.6.