What should I do with inherited property?

[Jairhad Hemmons]

Hello, Long time lurker, first time posting... My grandfather recently passed, leaving his house to me. It’s completely paid off, just taxes due. Needs a ton of work, new furnace, interior, etc. Would I be better off selling for almost nothing, renovate then sell, or renovate then rent? I’m leaning towards renovate/rent option as if ultimately like to get into rental ownership. I feel as if this could be a low risk opportunity to get my feet wet in the business without putting myself in such financial vulnerability. Anyone have a similar situation or any advice? Thanks in advance for any responses.