When we learned about the deal we knew the renovation would be light, and it would provide a chance to go through the process of flipping a house without doing a large renovation.

And if you study the facts, exclude opinion, theres a greater chance of losing properties to rent controls in the states than narco rebels in Quito, Ecuador.  

What are my chances and are their loans out there that would allow me to purchase my parent's house with very little down payment or even no down payment?

Reason being limited credit history so what are the chances of morgage loans and would it be easy to get pre approval for say around 50k ?

You should try and challenge them through the written process. 50/50 chance that the company that put the mark on your credit does not send a response.

@Gavin Sronce  Thank you for the link just getting a chance to listen to it now before the webinar tonight.

a lot of ppl are under the assumption that it is a life long program. it does get reviewed from time to time depending on age and whatnot. if she is older 55+, its a good chance that it will not stop unless she goes to prison. under that age, and depending on the actual disability, there is a chance that it could be ceased.

PM me when you get a chance.

However, your chance of collecting is very slim as Texas does not allow garnishment of wages and the list of exempt property is long

I want to be as smart as I can be, so that I don't destroy my chances of continuing a hopefully long real estate investing future, but also don't want to miss out on a good deal that I may not find again for quite some time.The information and opinions I find on this site are invaluable to me, so my first instinct was to come on here and find out what you all think.Would you move forward with the current owner's conditions on my offer, and with the cash flow amount, and with the fact that I am stuck with these tenants for at least a year for one of them?