<prompt> Human: I was informed by my dad this weekend that in 2 years he is giving up ownership of his house in Warren metro detroit area to my brother and I. Currently my brother rents the house from our dad. I have no desire to live there. A bit about the house. It was valued around 60k 2 years ago. Its in a fine area but is close to some shady areas. My dad put lots of work into it insulated garage, new shed, new drive way, etc The way its being handled is my brother will take out a mortgage for half the homes value. That money goes to my dad. I have the option then to be bought out of my share my brother would take a mortgage for full market value and I get half My finances are great. only debt is 9k car loan. I am trying to buy my own house within the year. My brother is currently financially stable but has a history of making very very very bad life choices. All of this is being handled by lawyers so things will be on the up and up.What are pros and cons of getting bought out, or hold on to house to try to make it a rental if my brother moves out, or try to buy my brother out in the future? Are there any things I should worry about and confirm with the lawyer about the arrangement? Thanks, rpf!  <response>: First, this is not an inheritance. Using that term can cause miscommunication issues. It sounds like you are being given half the value of the house and either you can live there or your brother will give you your share buy getting a mortgage for the full amount of the house. I guess I dont understand whats in it for your brother. In the end, it doesnt sound like a location youd like. Id just take the money and run...so to speak. 