that works and sounds like they are small balance loans.. so just make sure you keep cash available to pay them off if they are called.. you dont want to bugger your credit with a default .. only way to keep that from happening is to stroke a check.. wraps are great if your properly capitalized.

You definitely don't want to be in a situation where your mortgage balance is higher than what the lender will finance you based on the new appraisal 

Maintain your credit and bank balances.

I personally work in the Columbus, Oh market because my research lead to this market.Build a Local Team:Find reliable local professionals such as real estate agents, property managers, contractors, and attorneys who are familiar with the market.Network with local investors and attend real estate meetups to get referrals and build connections.Set Investment Criteria:Define your investment goals, such as cash flow, appreciation, or a balance of both.Determine your budget, financing options, and the type of properties you want to invest in (single-family homes, multi-family units, commercial properties, etc.).Financial Preparation:Secure financing or funding for your investment.

You will just need to make sure you are able to qualify for a refinance depending on the loan balance to payoff your parents  

There are PLENTY of them.That will give you a much more balanced view of the S8 program and whether it may or may not make sense for you and your wife.

It takes a couple times to get your balance down, but I can literally go for over an hour where I can't go for more than 30 minute watching tv.Madden keeps me excited and completely engaged, I don't even think about working out.I also try to lift twice a week in my home, but I hurt my shoulder two months ago and I haven't been able to lift much at all.I always try to stop at a grocery store instead of fast food.

You have to balance out the pros and cons.  

Balancing both can bring stability and a consistent income.Good luck!

They based underwriting off the deal, my credit score and my bank balance/statements.