This is reminding me of when I went to pitch for  a condo for a 100 gift card, in Las Vegas when I was 21. 

I would like honest feedback.I know that FHA loans allow for gifts which I could most likely get from a friend/future partner, as a "handshake" and technically be without repayment listed on any sort of contract.

Or if you were renting and were no where near prepared to buy a house before the disaster, probably not a good idea, you'd still need cash for closing costs, which can come as a "gift" but never a good idea to buy a house with no money in the bank even if the lender actually let you do it. 

From my experience (23 years), I will tell you that attorneys can be fed one of two ways. 1) appetizers or 2) five course meals.People see items such as operating agreements, contracts, etc, as a check the box kind of thing- "my bank requires an operating agreement so I will use my favorite attorney, Google, to obtain one".  

Every landlord has a story like this -- my personal favorite variations are when the property was last used as a drug house and/or bordello.

Grab your favorite pancake lens and you're good to go!

What are you TOTAL monthly expenses including gas, food, gifts, movies, mortgage, dinners out etc?

My lender had suggested I receive a gift for the down payment.

As far as the markets, here is an article with things to consider-https://www.biggerpockets.com/renewsblog/2014/02/2...Memphis isn't my favorite...there are markets now with higher returns and better market fundamentals (in my opinion). 

This is my plan; I plan to receive a gift from my parent which I hope to use as a down payment for the property.