So let’s look at that as a whole number… extrapolating from your original post you’ve got 11 properties with $9k in gross rents, which breaks down to about $800/mo each, 25% of which is $200/mo… still not enough to maintain these properties over time.

There's many questions you need answers to, that should help you make an informed decision. 

Look, I know the answer is having rich parents but I want to tell you what I believe is the quickest way to make something of yourself in real estate.1.

There are a lot of local lenders that charge a 1% origination fee and the interest only payments during construction are prime plus .75 - 1.0%.

(Still not exactly sure where that leaves the other sibling's inheritance, and honestly, I'm not too sure that there is a clear answer for that.)

Ok glad I cleared that up thank you guys for answering so quickly, I appreciate it.

************************Answer to your question isFOREVER! 

I suppose I will have to dig deeper into my original closing documents.Do you have any idea if it matters if it is a lender's title insurance policy or an owner's policy?

There very good answers here, but if I were you, I would look for the advice of a professional attorney and CPA to make sure you structure this the best way for your specific situation.Good luck!

CA Prop 19 changed the basic prjnciple of the original Prop 13.