From experience, what’s the best financial/legal strategy: fight, settle, or pursue the seller? 

Hey BP Community,I could use some insight on the best way to approach a financial gift situation.My fiance's mother wants to gift her around $200K for real estate investing.

For finding templates in a certain county or state, you can see if there are any professional real estate associations or organizations.Often times they will have templates that a drafted for that state or county.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

The goal is to achieve and maintain financial freedom.

A few key things I’ve learned that can really impact the numbers are:- Understanding local market demand and regulations, since that affects occupancy and stability-Factoring in costs for proper management and resident support services, those keep the home running smoothly and reduce turnover-Being realistic about timelines for filling beds and the importance of vetting operators who align with your goalsThese factors can significantly influence the financial viability and stability of the investment.

Deferred maintenance, inadequate capital reserves, self management, “off the books” payment to employees/maintenance staff, free rental months to skew gross rental income, recording expenses to a different property, and recording of phantom income and phantom tenants makes me very suspicious of any financials provided by the seller.  

To qualify, you have to prove actual day-to-day management or operations, not just investor-type oversight.Things like studying financials, preparing your own reports, monitoring money without being in a decision-making role, or having occasional consultations don’t count.

It's all about analyzing the financials and understanding the numbers of a property.

I’d be delighted to share insights about the Kansas City market and discuss your financial objectives.

They’re not in a financial position to keep the home and are worried about it going into foreclosure.I’m potentially interested in buying the property, but I want to approach the situation carefully and respectfully.What’s the proper process for buying a home in this kind of situation (no will, possible probate involved)?