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.

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

You have to balance out the pros and cons.  

:) The buyer enters into an agreement to purchase the property by making payments with some amount due in the first payment and then a schedule of the remaining balance paid in installments.

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

For nearly fifteen years I had worked as a commercial photographer trying to balance art and commerce.

You don't have to worry about keeping balancing under 30%.