She will get each beneficiary to sign off on allowing this to happen, lessening their inheritance cash-wise but keeping the family in a home.My idea is that the trustee daughter could purchase the home, but could do so instead through a sort of owner-financing where the Trust finances the asset to her directly rather than buying it in full at great cost and taking out a mortgage on an already paid for property:- Property is in Trust and is fully paid off,- Trust finances the property to Trustee for closer to market value, and payment can still be set at 1500- No/less down payment required- Any interest rate, maybe 0- Tenant family makes rent payment of 1500, which pays off the property and pays into Trust- Beneficiaries' % share accrues gradually as payments are made- Set future balloon payment if necessary (if Balance required at a certain time, for college, etc.)This would decrease the out-of-pocket cost for the Trustee purchaser, and increase the amount that each beneficiary will receive (eventually).I have no Trust experience, though, and I'm hoping to hear from the experts.

And yes, if the project goes south, there is a 1% chance of having to finish the rehab and inheriting a huge mess.

We recently inherited a house and are about to rent it out, and would like to continue with investment properties.  

Now, even though the red tape has lessened and selling might be feasible, the current high interest rates could make it difficult to find buyers willing to invest at a price that reflects the property’s true value.

That’s prior work that lessens the risk of each new property.

Pete where I inherited a tenant in one of the units.

@Samuel Diouf what is the protocol for inheriting tenants and trying to get them out?

When inheriting tenants do you make them sign a new lease or continue with the current lease in place?

The beneficiary would have to open an inherited self-directed IRA; the assets will be rolled over there.

Listing inventory looks to have a trend that is counter to most other markets in Massachusetts; usually inventory increases in the Summer and lessens in the Winter!