Family members of mine have inherited some real estate from their recently departed sister and are looking for away to get the property off their hands without spending money.

The situation- property will cost ~750K, wont need major rehab, would pay any rehab in cash.- both partners good credit-  want to have 30 year fixed amort financing, plan to buy and hold- cash down payment of 25 or 30% is avail - no experience in prop mgt or RE investing, will outsource prop mgt- One partner has W-2 corp job, other is taking some time off but doing part time consulting. 

I'm looking to do a major rehab on a rental property that has all hardwood floors and the walls will be painted Agreeable Gray.

And then of course there is the BP mantra of cash flow is everything and investing for appreciation is for suckers.. and that frankly is the majority opinion on this site..

Find out more information at the Seattle Office for Civil Rights, King County Office of Civil Rights, and the City of Bellevue Development Services Department.

The most important thing is to know what the bylaws has to say.But I've been warned about buying into situations where an investor owns a major portion.

I am very hands off and leave the majority of the work to my property managers.

I guess it doesn't take long for a few major repair bills to eat that up.

I was able to finance out the majority of my money.

We were apart of one other deal a few years back that did very well also, but we were not a major share of the deal.