My brother and I inherited a home from our deceased Mother. There is no mortagage and has prperty taxes of only $2500 a year. We would like to keep the property as a rental property. It needs a lot of work new bathrooms etc , at least $50,0000. The little research I have done says that to get a equity loan or line of credit my brother and I would have to qualify for the loan, based on our income (I worked part time for 2 years taking care of my Mother) and credit probably neither of us would qualify. Is that true ? The fact that own a $600,00 house means nothing in this loan process ? What other options are there for getting remodeling funding ?

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