You could also get a gift to purchase your first home. 

Way to keep recycling that BP knowledge and continue the cycle of Bigger Pockets and the gift that keeps on giving!!

It looks like a gift and there are allowances for this; above a certain threshold gift tax is due…I can only advise you to be honest and to report this to the tax office if necessary (it could even be that you have to report a gift, even if no tax is due... please read the legal text carefully).

You'll get ~$650+ in gift cards.

the worst plan is one without a goal, but here are 2 ideas:- You could have your Dad put the house in an LLC, have the members of the LLC be your siblings and your Dad, in the LLC you can split the Capital ownership and the revenue ownership, so have your Dad own 90% of the capital (since he put in the building) and you and your siblings get 90% of the cash (since you are managing), and every year he gifts you and your siblings shares of the LLC and you "buy" shares of the LLC from him with the cash that is coming out of it.

Hi,Here's my situation:1) My mom inherited a fully paid off duplex with tenants in Florida - not the best property, not the best hood, not the best tenats... but never look a gift horse in the mouth!

Or gift their time to family and friend. 

I think you can receive " gifted " funds from a family member but not 100% sure.  

But as a parting gift, they had flushed a washcloth down the toilet and backed it up, the place had personal stuff left behind including a futon that we had to get rid of, there were 9 days of water/sewer usage they didn't pay for, and everything had to be cleaned yet again.

You can work within legal annual gifting limits to give a portion of that rent back to your parents each year.