If so, the first thing to agree upon is the purchase price because the other interested parties are owed their share of the CURRENT VALUE not of the $500k paid ~40 years ago. 

The current market value of the NC property is around $260k, with an outstanding mortgage of about $160k, resulting in approximately $100k in equity.My current residence in Beaufort, SC is a 4-bed, 3-bath house with a higher interest rate of 6.5%.

How did you add value to the deal?

3) Price is too high for prospect perception of property value--- Prospects are only willing to pay so much for what a property is.

I recommend House Hack or find a fixer upper to update or add value and then rent.

It could be our clientele or market though.

We'd love to buy low and add value, but if the numbers seem to work on a turnkey property, is there a reason not to go that route?

This might be easier to handle between tenants.Market and Economic ConditionsMarket Fluctuations: Be prepared for potential fluctuations in the real estate market that could affect property values and rental demand.Economic Factors: Consider economic factors such as interest rates, job market conditions, and tourism trends that could impact the Tahoe area.Exit Strategy:Backup Plans: Have a backup plan in case your circumstances change, such as if you decide not to move to Tahoe or if the rental market becomes unfavorable.Sale Considerations: Understand the process and costs involved in selling the property if needed.

However, I am trying to accomplish this task by purchasing under market value (every investor dream).

Traditional financing How did you add value to the deal?