It is typically best to wait for the inheritance.One item to digest, you could ask your parents to refi the property, do the development you want and are care of the loan payments.

Once I upgraded the interior, and rooms, and started to attract a better quality of tenant than the previous owner, things ran smoother, people stayed longer (6 mos-1 yr), and it became a cash cow vs it's normal use as a duplex.  

These are not cash cows.

I must say that it was very hard for me to digest.

My biggest advice to new investors is to listen, digest, learn and then sit back... ask yourself what YOU want out of life and the goals YOU have. 

I plan to be up for a good while digesting astrategic amount of information on the site. 

Lots of free resources for you to digest. 

This law change a few years ago has been a cash cow for counties because most owners do not know they can go claim the excess funds they paid from the county if they paid to redeem.

When I started 4 years ago the goal was doors, I felt like it meant I had status.In Montana the big thing is Cows...

You don't need it to be a cash flow cow, although that would certainly be nice.