You can also speak with your contractor and offer to put the materials on a credit card to lessen his initial cash outlay.

If the plan is that he wants you (your siblings) to inherit this property, then he should make sure all that planning is done well and correctly.

I have next to nothing of advice to tell my friend who is inheriting a college rental about 4 hours away from where she lives. 

When it's inherited, how can I keep these two things the same?

1.Grantee living in Grantor's home.2.At the time of the grantor's death the home will be inherited by the grantee plus one other heir.3.The grantee will then purchase the other heir's 50% of the inherited home.How can the grantee secure the home until from grantor prior to death?

I inherited her from the previous landlord, who did not collect a pet deposit or ask any pet fees for her dog or two cats.Well, the dog has absolutely wrecked the hell out of a large set of blinds by chewing on them.  

Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.2.

Closed on a duplex with inherited tenants and need to evict one out.

if yes, do they plan to continue living in the house.Personally, I think its a ****** idea.You can't get into real estate on your own and you would be asking for an approximate $100,000 loan from your parents.If there are siblings involved, they may give you the raised eyebrow on what you are doing with potentially their inheritance.

My experience has been that the section 8 tenants I have inherited or chosen have been either more high maintenance, or not able to pay the sometimes very small amount of rent left over after the program pays most.