There is a possibility one of the grand children will take the posses of the property.

How bout a subject to strategy and give him ten grand hold the other 10  for the roof .

And of course done correctly you get stepped up basis for tax purposes then you can sell and not pay huge gains.. although you will have to talk to CPA about recapture.. or you do what a lot of folks do and 1031.. or you just live with the comfort of knowing you have millions upon millions of free and clear real estate. your grand dad is one smart guy .. 

Does anyone know of any that happen in the Grand Rapids, Michigan area?

The specification of repairs with all work is 54900.00 with 4 grand in contingency.

I've been speaking with a fellow investor who has been investing in Grand Prairie and doing very well with renting furnished rooms to workers in the area.

I'm going to suggest you also look at areas surrounding TX 99 [Grand Parkway] including areas on East side between 69 and I10 where it is planned but not completed.

See if the buyer will offer daughter cash for that ( grand piano ) in the basement ?

I'm also in a similar spot, though I did close on a house out of state, but I am looking for something more grand, like an MFH/Apartment type building in MA. 

Your giving away almost 3 grand a year by being “nice “Is this a charity or an investment ?