Financing a home I’m buying from my parents

[Javier Moreno]

Hey y’all 

I wanted to get y’all’s advice with a deal I am currently working on. 
I am in current talks with my parents to buy their home. They are currently renting it out. They still have a balance on the mortgage. About 6 years left. 
To my understanding I do not need a realtor to process the transaction. I do plan on using conventional loan so I will need to do my due diligence with inspection for the loan and get my pre approval(submitting all the paper work right now). Based on my calculations I will be able to afford getting the property plus it has a active lease from the renters that has been there for over a year already. So I see no reason why the bank won’t be willing to finance my deal.

The plan is to buy the home at the cost of whatever the evaluation of the inspection is at. My parents want to gift me the 20% down that I will technically need to give to fulfill the down payment of the loan. 
I have watched a few YouTube videos about doing this but I wanted to get y’all’s feedback and advice. Or if someone has a article/podcast/book as a suggestion. Thanks in advance y’all are the best