If this is a one-off issue and they generally handle things well, maybe give them a chance to make it right.

Your wanting to do high-risk via extreme leverage....via high risk OOS investing, committed to never being boots-on....... via high risk class c....... doing reno's to make habitable which is high risk at a level we should just call it EPIC risk..... 

Sub30k seems to fit this bill, although I recognize there is also substantial risk associated with it when done improperly.

Its like a short-sale, its better than a foreclosure but has downsides as well. 

Multiple people bid on that property as well. 

Diversify if you can with smaller amounts so risk is distributed. 

Hi allI hope all is well. 

It really depends on your goals, time availability, and risk tolerance.

The more rentals you have the more risk there is to having a bad situation crop up.

I know investing with family can possibly hurt relationships if things don't go well, so I don't want to make any big mistakes since this is a large amount of my parents inheritance.