That would allow you to have a great, low interest fixed-rate debt on them and conserve cash for other investments.Ultimately you and FIL's agreement can be between the two of you, or it can be official, usually in the form a management agreement, operating agreement (of an LLC), or some sort of more complicated agreement like a Joint Venture.  

I don't think there is anything that complicated with assembling and installing cabinets so I plan to do it myself.

3. is there a tax ding for converting these overaged funds over to a traditional IRA4. now here is where my "bright" idea comes into play. even though this feels quite complicated, is it possible to recharacterize this overage to a traditional IRA and then immediately set up a backdoor roth and then merge the backdoor roth with my existing roth? 

doesn't seem complicated to me.70K purchase - Put 14k down and borrow 56KBorrow the 70K rehab for a loan of $126K.With an ARV of 180K this should be no problem.

If you are interested, keep reading, I will explain and summarize the best I can how larger RE works within some commercial/industrial/government complexes (cluster of systems/buildings, generally speaking).For more complicated systems, there are software/parameters based on previous research to do a more deep analysis of the maintenance and repairs based on condition. 

If siblings are married, that also creates another layer of complications should they get divorced (or if they are single and get married).If one parent passes and wants to downsize, I would say you follow the same rules if they wanted to sell down the road.

It's a complicated landscape, but it makes for some great opportunities.Google "Los Angeles RSO" to learn about our municipal rent control. 

Really depends how complicated your situation is. 

It just complicates things. 

Part of the policy implementation overreach here is the forced complicity of the user in order to remove the imposed "governor" that restricts ads from showing at 100% impression capacity.