If you are reasonably certain that the son has inherited the property, and you are content to rent the property for cash flow, then go ahead and offer the son $10k for signing his interest over to you via a "Quit Claim Deed'. 

@Carlos Cuervo I think it's possible, but I'd wager most lenders would want to qualify both of you on a single loan provided you showed who owns what percentage of the property.I'd argue it would be easier to secure the loan via a business entity (LLCs are easier to maintain).

I can tell you why: because the Govt via the cities of the community/state you are in have made it clear that they have both the capacity (i.e. votes) and willingness (i.e. political ideology) to say that the free market doesn't apply and your rights and an owner will be limited in at least one major way.Any guesses how that's going to play out down the road? 

As I mentioned to Joe, I did prepare for this as much as I could before the opportunity fell into my lap.

I do all the repairs and maintenance when I can find time and I did not do a great job setting the boundaries with the current tenants.

@Timothy Allen My best advice would be to reach out to local investors in your area via meetups.

If that works for you, please reply to this email within 36 hours to accept this appointment and I will then add you to my showing schedule.Also, as a means of courtesy to both our busy schedules, please confirm via text or phone call at least 2 hours prior on the day of the showing to my cell phone (area code and number).I’ve also attached our rental application.

We are considering adding central air via a "high velocity" system such as spacepak or unico. 

Pick one of these strategies and see  if it helps as I don't believe it has anything to do with the property itself, although hard to tell via pictures.

The opportunity is soon to fall right into my lap.