Same thing with pictures provided I'm not doing any damage to the home a few little nails to hang out some family photos is not something that should cause threats.

Consult with legal professionals to ensure compliance and protect your interests.Emergency Fund: Maintain a reserve fund for unexpected expenses, vacancies, or periods of economic downturn.Regular Maintenance: Implement proactive maintenance measures to preserve the value of your properties and minimize the risk of costly repairs.Long-Term Perspective: Adopt a long-term investment strategy and avoid making impulsive decisions based on short-term market fluctuations.

Other things in his LOI were that we grant another option, that we refund the security deposit, that we allow unlimited assignment without us granting consent, etc..I'll go with your option #1 above and simply decline his other proposed changes and see if we can preserve the Renewal concept at a new rate that bakes in his commission (and then some) - if he wants to earn that commission, let him go and sell the package to the tenant.  

No -- but it might be the best thing you can get while preserving your relationship with your brother, which I will assume you value. 

@Michael Dumler absolutely nailed it. 

It is becoming a lot for the 80-year-old owners who are expecting greater costs in time and dollar (self managed).Is there any creative deal structure that can be used so that I can buy and occupy the home including the assumed improvements, repairs and maintenance, while allowing the seller to preserve the step-up tax shield for their descendants?  

That's where I think you nailed it. 

(Source: The Mortgage Report)Here's the link for more details: https://themortgagereports.com/107690/fannie-mae-introduces-...Opportunities exist in every economic cycle...this is a great one for building and preserving wealth.Best... 

If you want to preserve the ability to 1031 exchange down the road, maybe look into different assets outside of REITs. 

Jay hit the nail on the head with this one.