But depending on your situation you may find it less expensive to simply refinance the triplex and your primary and use those proceeds as cash to purchase the reverse properties.F.

.- From a street view, going up and down the blocks, I couldn't tell if this property is in a highly dense location, or just simply located in the projects. - 1 Bedroom / 1 Bathroom rent is 500.00Look forward to thoughts and opinions 

Hello BP, I've tried this post on another forum; no response, maybe I was in the wrong forum:  My dad & I are considering entering a joint venture with a good friend of mine who is an GC. 

hi deurward. thats a tricky issue there. the kids of the brother would actually be the owners now because of inheritance rights. that is, if the mother actually deeded the house over to the son before she died. if she did so, then of course his heirs would have legal right to the house. case closed. however, if the son did not have a will at the time of his death, then the house and his assets would have to go thru probate as he has more than one heir. if i were the sister, especially after 5 years, i would push for the probate. its gonna cost her, but she has a good case simply because the kids have made no effort to aqquire the house house themselves and made no effort to pay the taxes or upkeep on the place. hence, they have proven to have no intrest. i would push the issue in court and see who stands up to claim their inheritance. if any of those kids stands up and says " its mine", then at least she can hit them with a bill for the taxes she has paid and any upkeep. 

Codes are for the living space to be at least 1' above the flood zone (so at oor above 723') which I believe would make flood insurance similar to any of the properties in the area that are out of the flood zone simply because the living space is above flood plain.

But than again, you need to figure out what's that x%, and the best way is simply asking your fellow investors what numbers do they look at.

Then simply turn around and line up a back up buyer before the contract expires.Thank you all for weighing in. :)

This also would be included in the agreement BEFORE the business is entered into.

Susan, your best bet is simply going to those chinese pre-fabricated cabinets.

You are doing it the right way by entering the picture early.