If the property can produce a profit, why isn't the current owner getting it?

Being a Realtor, I offered to list it for him and see what the open market would produce.

I have about 500k right now but will have access to another 500k in the next 2 months or so and am looking to expand but am having some trouble finding the homes now with all the other rehabbers and large buy and hold companies in the area.

I bought a duplex in LA a little over a year ago, and the best way I've found to keep out of trouble is to partner with a good real estate agent - someone who buys fixers or who has clients that buy fixers.

I agree that trying to force my husband or anyone to participate in my venture would only lead to trouble, and I have no intention of doing that.

I have purchases from a few years ago that if sold today would produce a good/great return.  

As you structure this deal with your fellow family member, just take it one step at a time and think of it as you would a Hollywood Producer.  

It takes a lot of time and trouble to straighten this out.

If the tenants/previous owners give you trouble at or after the 15th you can then offer that option.

The trouble with some so-called wanna-be investors is inability to make a decision.