An appraisal will help you both with inheriting the house and closing the estate and a sale.

Would love to advance to commercial real estate and a lot of buy and holds.

I enjoy doing CMAs, and as long as I am not taken advantage of, I am happy to help.   

I was able to provide photos and a list of comps I'd consider as well as the scope of work and everything to my credit union.

The deal can be structured so that you "the seller" carry back a $90,000 first lien, usually with an 8% interest rate (which you will sell to a note buyer at closing) and a $5,000 second lien, which you will keep and receive monthly payments for.

The deal can be structured so that you "the seller" carry back a $90,000 first lien, usually with an 8% interest rate (which you will sell to a note buyer at closing) and a $5,000 second lien, which you will keep and receive monthly payments for. 

The initial purchase price was $475,000 with a rehab of $160,000 and a 5% down payment of $32,000 for a total mortgage of $603,000.  

If you went into the business transaction with a serious attitude and a professional process then yes they absolutely would. 

Some entities have advantages over others depending on the activities of your business.From both a tax standpoint and a liability standpoint, forming some type of entity is usually the best option.

@Carmen Falcone, No matter what you decide it will be a learning experience, and as long as you and your partner maintain that mindset you will be fine - either way.