The other $5k is to help out my parents, parents in-law and other siblings if need to.

Currently working on one where the seller has 3 homes to sell side-by-side - the only problem is that their are 4 siblings involved (ugh...).

He has 8 children and I thought this would be a good opportunity for his oldest son to learn some skills and make some extra money (and get out of the house he shares with 7 siblings!).

In addition, your siblings aren't Disqualified Persons either, nor would “significant other”.

The 4 owners of the company own about 25 properties here in Memphis that we manage, their employees have purchased about 20 additional properties and we manage investment properties for their parents, siblings and many of their friends.

Hi @Alisa Hilton From investing out of state as well as in San Diego I can tell you the same thing that I tell my own siblings, start with San Diego. 

I want to make this a win/win for both parties and I don't want to offend my dad and his siblings by offering a number (purchase price) that they wont fully understand.  

I have a point to make here:  none of my siblings did any of these things. 

Obviously, I would love the chance to get ahead of this crazy market, but there is some agreements that need to made.1) Parents would be able to come and go, they want to live in house w/ us 6 months out of the year 2) Sibling would get $100,000 from sale for down payment to purchase a home in Utah for my parents to share w/ them so they can see grandkids in Utah and California 3) We all as a family would have to agree-we all want it in writing and I'm concerned that if it goes south it can cause problems w/ family relationships.How would you go about this?

He grew up poor with a widowed mother and 4 siblings.