Co-Borrowing w/ In-Laws

[Marshall Leipprandt]

My wife and I are looking to buy an investment property in FL near her parents. We currently live in CA, but will most likely be moving to FL in the next 5-10 years. We pitched the investment property to her parents, and they are open to going in together on the property. There would be 4 total co-borrowers on the loan and it will likely be a jumbo loan. Her parents would fund a majority of the down payment, and my wife and I would coordinate the rental and day to day operations. The goal is for this to be as hands-off for my in-laws as possible.

I'm wondering what the best strategy is to separate things as much as possible so that her parents don't have to be involved in the day to day operations (they're still busy in their careers). Anyone have tips for how to structure mortgage or taking title with in-laws?

Lastly, when my wife and I do move to FL, we plan to move into this same investment property, do a VA cash out refinance, and pay her parents back their original down payment. Any thoughts/tips? Thanks!

-Marshall