You'll figure out a smart solution.FHA loans require primary home ownership for a time because default rates are much lower on one's own home and you probably put down around 3.5% of the purchase price.

If  you were able to take out a mortgage without the other 2 relatives/tenants being involved, wouldn't they be entitled to a portion of what you are taking as a pay off to you and your brother.I'm trying to see how the inherited 4 way split ownership works with you taking the mortgage, you and your brother getting paid from those proceeds, them paying the full note, and then being gifted you and your brothers portion that you were paid out of getting the mortgage.

@Grant SmithWhile there are many avenues to realizing cash flow with real estate, ownership of small/medium multi-family assets (<150 units) is my preference.  

I always thought that when you transfer title, you trigger the due-in-sale clause in a traditional mortgage.I see questions time and again from investors who want to transfer ownership of their residential property purchased with a traditional mortgage into their LLC but are worried about triggering the due on sale clause - or worse, don't even know the clause exists.Some of our (non-lender) members say this never happens.

I would focus on asset classes that have a very fragmented ownership base.

Should get an umbrella policy regardless of the ownership structure.  

After all, you figure you're still getting the ownership of this stock for a fraction of the overall value.Furthermore, you recognize that the 5% dividend on an increasing value is an increasing dollar figure, so eventually, the dividend will entirely cover the payment to the bank.

I believe 20% of the depreciation claimed over the time of ownership is added as tax to the sale of the home/asset.If anyone has avoided this tax, other than with a 1031 exchange, we would be interested in your approach.

The 25 percent can come from gifts from relatives, savings, or business income, but they need to make a large down payment because I want people who are committed to home ownership and community.  

Home ownership will always be more expensive than renting which is why it is a life style choice not a investment.Over the life time of owning, except in a few very select markets, the cost to own will match or exceed any amount a personal home will ever be worth.Choose the one you can most comfortably afford when factoring in all costs not simply the cost of the home and decide accordingly.