If you have more questions about the process and requirements, feel free to reach out to me!

This would likely take coordination with a tenant at some point - (ie - plenty of notice to them that they must vacate in order for you to sell the property)Since your current home is free and clear -  you could do a cash out refi or take out a new mortgage on the new house to be able to buy your paren't house and pay off the mortgage.  

If you ever have any questions regarding this or in general feel free to reach out I enjoy helping and ensuring other BP members avoid lost time and money. 

If you ever want to chat or need advice, feel free to reach out.

For me, if I make $1500 net per month on a free and clear property I would make $18,000 / year.  

Most cost segregation study companies provide the quote for free.

Just wanted to mention that the cash out refinance funds are not tax free forever.

Grant Cardone (fraud) Brad sumrok is like lifestyles, I like Joe Fairless his website syndicationschool.com is free and well done enough then you can guide yourself and go network without paying 30-50k to join a BS program

Start with BiggerPockets Ultimate Beginners Guide (free).

Check out FilePlace, where user-created forms are available for free.