<prompt> Human: My father passed away recently, and I am his only child. It sucks, but Im getting through it. Im 30 with a wife and a 1 year old. I am inheriting everything, including his house in Oregon; I live about 8 hours away. In going through his papers, it looks like he owed 180k on the house, which Zillow says is worth 500k. He did some weird 10 year loan, so his payments are 3kmo. He also had around 300k in cash and non-retirement stocks, plus some IRAs and other investments. We had some really good memories at the house, and it has an amazing ocean view. The house isnt in bad shape, but its outdated. Im hoping to get thoughts and advise, as I am debating between the following:nbsp;1. Fix upremodel the house, then rent it out on AirBnB or similar and also the family could use it as a vacation house. It needs a new roof and new flooring, and wed like to open up the kitchen and living area, re-do a couple bathrooms, etc. My rough guess with input from a family friend who is a contractor is that this would cost 75k. It would be nice to keep the memories and the view, and it should also bring in a little side income. But it is 8 hours away from me, meaning that if anything went wrong with the property, it wouldnt be easily accessible. I also worry about the security of the house, not that its in a bad part of town or anything, but still. There are a couple family friends in town, but thats about it.2. Sell it. If we sell it, we could pay off our own house, our car, fund a huge chunk of our childs college fund, max out 401ks, etc. This is definitely the least stressful option, but wed be losing the vacation spot and the memories.  <response>: Sell it. Youll be better served bringing your debt down and stabilizing your family finances. 