There shouldn't be any need to negotiate them as you would negotiate rent, they just are what they are, and the owner is required to provide proof of those costs to you.

Based off the numbers I provided above, how much could I get out?

Can someone provide me with some financing ideas other than the two that I just mentioned that would enable the other heir to receive cash from their portion of the equity based on its current assessed value and allow me to take ownership of the home, subsequently remodel it, and rent it?

Based on the new information provided by the City for what can Qualify; I would say this likely could Qualify for an Express Permit.

I have house hacked 3 times in the Logan Square & bucktown neighborhoods.It will probably easier if you can provide some more details on the analysis....maybe consider BiggerPockets calculator. 

It also includes sellers who provide, offer to provide, or arrange to provide goods or services to consumers in return for some type of payment as part of a telemarketing transaction.Thanks, Frank!

By the way transferring property to a trust that is not a testamentary trust invokes the same right to call the loan as transferring to an LLC. 

I still have it today and provides almost more cash-flow than any other property I have.

When you shift in and out of properties you pay fees for commissions, loan origination, transfer taxes, etc. which will silently eat into your gains.

And they don't provide much info on dividend distribution.