@Bob Okenwa I don't know if the whole house was converted to updated electricity but there is a brand new electrical box.

Thanks,  Bob

Listen to Bob.

Thanks Bob, haven't tried that before.

Would love to hear your thoughts on the following transaction(s).The goals: To rehabilitate a 12 unit multifamily in central Maine (fully occupied ~$45K net/year) I plan to hold, currently appraises for $400K, no mortgage/own outrightMunicipality is interested in lending up to $250k for rehabDecent credit, several banks said "easy" to $200k mortgage To refinance the debt/mortgages/liens (~$100K+) of a dying family member (Bob) I am not completely aware of all of Bob's debts/legal issues and they will be numerous (cursory title exams reveal debt comes to roughly 1/10th of conservative valuation of assets)Several properties belonging to Bob are income bearing, or could be income bearing (max gross of ~$4,400/mo within 6 months)Place the remaining assets (after debt payoff) into a trust for the heirs to split.I several options/ways to go about doing something like this.

Hi Bob - why not obtain a normal mortgage and use your funds for the rehab?  

@Bob Foglia I hate to say this because I hate spending money on attorneys.

Bob

Hey all,One of my local "meetups" (which is really just a vehicle for webinars, it seems), is apparently sponsored by www.thementorproject.net / www.justrealtors.org and "Bob Peterson" - has anyone ever heard of this group or person and can provide more details? 

Bob