Essentially it works out to them gifting us a house - they'll pay the down payment and reimburse us for mortgage costs each month, and when they die the house will be ours (and we will continue making the payments ourselves or sell it).I'm not sure yet how repairs will be funded, but either we or them could cover those costs financially and neither of us are going to be trying to squeeze the other one, so I'm not worried about managing that. 

There is now essentially no benefit to obtaining a second home loan over an investment property loan, except for the ability to do 10% down rather than 15% (minimum for investment properties).This info is all related to Conventional mortgage financing.

Evaluate Local Vacancy Rates & Rental DemandSince Gallatin County is a growing market, it’s essential to ensure there's strong rental demand and low vacancy rates.

Inspectors will assess the wiring and electrical panels for outdated components that could pose safety hazards, including fire risks.Plumbing issues like leaks, low water pressure, and drainage problems often arise as well.

You're essentiality telling the bank - "I want to buy a property that's in an asset class with falling values and I don't have the money for a down payment.

“Essentially, they are cutting in line,” Mills said, referring to the super-lien priority status over a mortgage.

My understanding of a 1031 is that you essentially move the equity from property A to property B, I can't recapture my full $130K cash invested, only the current equity position of $45K.

Real estate professionals are essential in helping navigate this major milestone, providing much-needed guidance throughout the transaction.

Communication - now, if the guest is ready to book but has a question or two about the home, swift, friendly and informative communication is essential.

Is it a health or safety issue to replace the shower?