Long Beach is so fringe oriented and prices are so high that it is pricing out the low income people out.

In January 2024 we were at the low in inventory with only 1648 homes for sale.

I've never heard the 25% thing before, but any difference between FMV and sales price would technically be considered a "gift" with potential tax implications for your parents.You can avoid most seller costs as there's no reason to use agents in this case.As an FYI: I always recommend avoiding a FHA loan, if you qualify for a low-down payment conventional loan.

For low income (especially multifamily) I would recommend that the landlord take care of all maintenance.  

Because the existing house was too low the developer followed the rough location of the old sewer line and installed a new sewer line to connect to the existing house. 

I have a good amount in savings, and as a first-time homebuyer, I believe I can lock in a low interest rate.

I have very low bills though, so I could save $12k in about a year.All the MHs I looked at were in parks.

Conversely, when property prices are low, rental demand decreases, causing rental rates to remain relatively flat or fall.How can you identify cities that are likely to have significant and sustained appreciation and rent growth?

Motion for relief has been granted and green light to proceed with foreclosure.

@Bonnie Low Thanks Bonnie!