Originally posted by Tim Wieneke: it amazes me how many people don't get the concept that it isn't about the price On second thought....maybe it's our natural inclination as consumers to over focus on face price without examining true cost.

My inclination is to go for a smaller lot & newer/nicer house, if possible.

It's less likely they both will do poorly at the same time.Should you be so inclined, what I'm proposing is you learn about diversification by reading a book or two and then make a conscious decision of how to allocate your money between real estate and other things.

But I am also not a securities attorney, and I'm also not inclined to take a risk in this venture, so I will stick to the advice of you, Will, and many others on here who are a lot more familiar with this stuff than me!

I think I'd be inclined to try to line up some sort of short term financing from another source and then approach them about the partial release at the point where you have one contract.

Yes, the roof leaked several years and required new ceilings inside.Today, with mold issues, it may be much more of a problem.One subsequent owner of my childhood home installed an inclined roof (among other changes).In addition to talking with an insurance agent, talk with a builder & roofer about replacing the flat roof.

I would be more inclined to do a L/O on the home if I could not get the deed, assuming you understand and can control the inherit risks with that strategy.

The more I'm annoyed, the less I'm inclined to give you listings.2) General common sense.

I'm inclined to say the answer is going to be No.Part of a realtors dues goes to pay for the system that runs the mls in their area.

Originally posted by @Linda Weygant:Bear in mind that if you are charging way below market rate for rent, the IRS may (in the event of an audit) impute a market rental rate into your income since you are renting to family.Thanks for sharing this specifically, as it's family the natural inclination is the keep their expenses as low as possible as long as we are covered.