Advice for newbie

[Dona Cooter]

I need some advice as a newbie investor looking for my first deal. My parents are considering selling their home of 35 years which they only have 70k remaining on their mortgage. I hate to see them lose all of that equity, and I also have sentimental value in the home. Would it be better to do a sub-to and take over their existing mortgage and rate OR get a PML? The home needs LOTS of updating and some repairs. I was thinking I could potentially do a BRRR and keep them as renters until they are ready to move to a new location? Again, I'm very new. Still learning what I can and have not done any deals yet.