You'll also want to come up with the process for dissolution if that comes to be as it often does in partnerships unfortunately. 

I’m in the process of creating a land trust.

Make sure to establish your Core 4 Real Estate team before diving in, this will be your support system throughout the process.

This would be are first time going through this process and we know how important it is to find great property managers?

However, it needs a good $100-150k in repairs/updates, which may be significantly higher due to specialty construction.Since the grandparents passed away, the children are thinking about selling. 

Happy to talk to you more and run through our screening process for tenants more in depth.

Quote from @Jason Strauss: Make sure you are very clear on the PM responsibilities and processes.

Sure i would still be interested in learning more about the process involved in buying a property.

With comparable properties reaching north of 800k and selling under a week on market and over asking this is a home run any way you slice it.

What is the process to rent them out to Section 8 Tenants.