You actually hinder your ability to be successful in any endeavor by looking for the “one thing” that will solve your problems.

@Louis W.Allegedly, your brother is living in your rental and refusing to pay you rent, while he and your sister are attempting to extort you after the death of your father...and you're worried you'll look bad in front of your relatives if you evict your brother?

That's an interesting thought @Richard Weinberg, I shudder to think that that's the case, but then these days seems that companies are unwilling to examine the conflicts of interest they are creating when they attempt to enter horizontals/verticals to continue providing growth to the market!

Good afternoon all,I recently started an LLC to attempt to purchase a family member (uncle) owned house and look to rent it out as I wouldn’t be able to live in it.

I was attempting to have a dialog about some situations when it may not be the best thing to do.Having a life Insurance death benefit *does* have value.

You seem to care about how this impacted everyone so I understand the stone you have in the pit of your stomach, but I can guarantee that the next deal you do will be both smoother and less stressful because of what you'll have learned from this one.Good luck in all your future endeavors!

-> I am still going to try this department to see what happens.Let me know if this sounds in line or if you have any other suggestions.A comp plan amendment to add one unit would be pretty unheard of.. and I suspect would never be allowed.. comp plans are like master plans.. not just one parcel gets to go around the comp plan.. that's what we deal with at least on the west coast we would never attempt it or spend the money trying to do that.  

There are many reasons why spouses don't support the endeavor, but FEAR has got to be on the top of the list.  

Pay off the lender, or he can hire an agent, list it and attempt to short sale the property.

So I think the best bet at the moment is to hold onto the condo for now and eat the $300 dollar a month loss (plus expenses/repairs/etc)  until this current lease is up next summer then attempt to raise the rent and break even while hoping it further appreciates.