The property was a 4plex and built in the 1920s, and I didnt go inside but just from the outside it was a rough property so i gave him a range on what my offer would be depending on repairs.

Depending on their situation, there are a million ways you could structure a deal.

@Brennon ManskeIt depends on if the house was acquired before or during the marriage.

The Con's for this particular deal (assuming you're trying to get as much as possible): The turn around to get all your money back is going to be longer (depending on lease terms w/ your option).

You may have to pay in quarterly estimated taxes (Form 1040-ES) depending on your total tax liability, and how much you have withheld on your W-2.

If not covered explicitly in her will, it will likely be addressed in probate (depending on the laws in her state or residence).

They might owe gift tax depending on their networth.

Curious how friendly Arkansas is.As a whole I know the state of Texas is friendly but I also heard that it depends on the county. 

From the research I did, it seems like depending on the levels, you might only need a thorough cleaning, but these levels required the entire drywall and ceiling to be torn down.

Depending on where you live, you may have a nonprofit that provide such advice.