As far as I know the answer to that question is yes.  

Most investors have their numbers and that's where it's art vs science.

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

If the septic was only permitted for X, and you are buying Y, then you are going to have problems.

That is how it was given and that is how I want it. 

Lots of good advice here, but no one asked what your parent's retirement plans are?

🤔Here are a few qualities that, in my experience, separate the good ones from the great ones:1.

The IRS could apply this doctrine if it appears that the series of transactions are structured primarily to achieve a specific tax outcome, such as avoiding taxes.Regarding the 1031 exchange, while in-laws are not considered related parties, the transaction could still be scrutinized due to the complexity and nature of the other transactions involved.

In the right hand corner you will see a a box that says "connect".

And you're right, those timelines are often misleading since the real delays come from back-and-forth revisions after submission.