Parents want to sell me their home and rent it out from me WDID?!

[John Boonphitak]

Hi All,

This is my first post ever on BP, please bare with me as I break down the subject.

My parents have a home that they would like to sell to me. I have a home of my own and am currently paying the mortgage off of that one with the help of having some rental one of the bedrooms out.

I do not want to miss this oppurtunity as I can use my current home when I take over my parents as some kind of investing property (more or less, rental)

Although when this time comes around, I will still be paying my own house's mortgage, they essentially will be still living there paying me rent for the mean time as they wander to look for a smaller property for retirement.

Any advice on what I could do?

Thanks in Advance.