We’re not sure of this deal is going to be able to close without our seller as the official owner, but there seems to be no other option.

Hey @Michael Orlando, you'll have plenty of options to do a live in flip.

There are multiple options and strategies you can deploy in the area.

Considering your equity and cash reserves, exploring alternative financing options like traditional mortgages or partnerships might provide a more balanced approach to acquiring your investment property while mitigating risk.

This gives you single family home options and building out the second unit. 

That is an option to consider if your goal is to be entirely passive :)

If you leave it up to them to figure out, they are probably never going too.Another strategy could be to Lease the entire portfolio with an Option to purchase for cash (or terms ) after they pass away.

We review a multitude of data sources to provide a real-time view into a real estate marketWhile a data-driven approach is useful to narrow down all the options, having boots on the ground (i.e. agent or contractor) is always important for due diligence

Not every lender will do new construction loans and even fewer will do the "one-time-close" option.  

While I have good cleaning people, numerous handi-persons and licensed contractors, their availability is not  24/7/365 I have to pinch-hit on guest issues and repair problems when the support staff is unavailable.We often find problems, broken, stained, damaged & missing items, during turnovers that have to be dealt with quickly.