Will be inheriting a property I want to turn into a rental.

[Peter Thielemann]

It's been a while since I've involved myself with Bigger Pockets. Looks like it's time to reach out and get involved.

I will be inheriting a family home

That I want to make a rental. I have no rental experience and a lot of questions. I'm not sure where to start. The house needs a lot of work with repairs and upgrades. Would I pay cash or borrow and write off. Are there any podcasts I should check out are just a few.

[Jay Hinrichs]

Quote from @Jonathan Greene:

The last thing you should do is try to turn this into a rental/ Not because that's not a good idea, in theory, but because you don't have the expertise or connections to do the rehab and will overpay and underperform on rent. If you are the sole heir of a rehab property, usually the smartest move if you aren't experienced is to sell it for max value, as-is, and the repurpose that money into better, rent-ready homes somewhere else, possibly closer to you.

Not only that he gets stepped up basis and sell with no tax  double check that with accountant but I think that is correct.. then take the cash put it in 5% gov bonds for now then get up to speed and see what you really want to do.  last thing I would do is turn a property that you can sell with no tax into a property that your going to pay tax on in the future.. thats one thought..