Purchase price: $65,335 Cash invested: $32,301 Sale price: $197,500 Was my second BRRR investment but ended up selling the property to move into a larger one.

IDEALLY, we would like to find a property that has or is capable of being converted into a “mother in law”, “ADU”, “Casita”, or any other separate living quarters in which we could rent out the main portion to a tenant (short term or long term) and then use the separate space as our own for when we come and go with business.

Worst case scenario is where a seller does a lipstick on a pig repair such as just parging over it and then not disclosing the issue because you might get the sale price but open yourself to future liability when something happens. 

When they have a sale they can't handle, they refer that seller to you for a fee.

I'm getting more and more FB ads in my area for mobile homes for sale. 

If you sale in 5 to 10 years you recapture?????.  

It is a 6 bedroom and while I see a couple of sales in that 1.6 to 1.8 for 5 or 6 bedroom in that size, that seems to be few and far between.  

I've never heard the 25% thing before, but any difference between FMV and sales price would technically be considered a "gift" with potential tax implications for your parents.You can avoid most seller costs as there's no reason to use agents in this case.As an FYI: I always recommend avoiding a FHA loan, if you qualify for a low-down payment conventional loan.

If real estate with proper fundamentals is purchased well and appreciates, there are a few avenues to pursue:  LTCG tax treatment on an eventual sale;  deferring taxes through a 1031; or a refinance where there are no tax consequences.

Purchase price: $272,000 Cash invested: $115,000 Sale price: $475,000 This was our first rehab project What made you interested in investing in this type of deal?