Best way to plan for upcoming investment opportunity?

My grandma is in her early 90's. When she passes, her kids inherit her house. Her house is a small 60's style house a block from the beach in Orange County. The kids have already decided they will sell when the time comes and as is, they believe the house is worth about 1 million. I'm younger (27) and current have about $100 k saved up. Id like to buy the house if possible because im sure it will be a solid investment into the future, but i don't plan on living there. Assuming this sale takes place in the next 1-5 years, what are the best steps i can take (Other than saving as much as i can) to try and purchase the house when the time comes?

Any other ideas regarding the house?

Just to mention, i have my brokers license and have also thought that they may be willing to credit me the 5% that they would otherwise pay in a fee.

More real estate tips at Program Realty Wix site

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