I think the message being sent to attorneys is, "you can try it if you want, but if we win, we're going to hammer you to make an example," and my guess is very few attorneys are going to risk that.

Most fail multiple times before they start winning.

If it's an investment property, then I think your best bet would be to move the property into an LLC with you and your parents.

It seems like a win/ win so it's just a matter of trying to make the "best choice". 

I've also been told off-market deals are often the best bet but am clueless about them... 

Your best bet is to talk with the seller about financing options. 

I'll bet you that no one in this blog know what the FIRE Strategy is.

but if the deal is good enough and its the only way to get it done.. its a win win.the transaction lenders for double close.. generally only put the money in the day of closing and get it back basically same day..

Louisville seems to be becoming saturated with "luxury" apartments, so my guess is that the <$1000 rents are a solid bet. 

If some sucker comes along and takes those fake numbers at face value, they will pay a higher price than they should (certainly they will pay more than you), and that idiot will "win" the property.