Dealing with an inherited property or a property in probate can be one of the most difficult and time-consuming processes you can go through. Because of the many laws and red tape associated, an inherited property can take months before the title changes hands. When it finally does, you can be left with a property that hasn’t been updated in years and is in dire need of maintenance. This puts you in the proverbial “catch 22” of not knowing exactly what to do with the property to maximize the bottom line.