Can my parents help me buy an investment property?

[Will Thomas]

I am looking at purchasing my first rental property in North Carolina. I have enough money for and am pre approved on a traditional 20% down payment mortgage. I’ve made several offers but keep getting beat out by cash or above market offers. Is there any way I could borrow cash from my parents to make a cash offer on a property then finance it to pay them back? What kind of strategies are there and what tax implications might hit us? They have expressed interest in helping me I just don’t want to run into any problems come tax time.