Needless to say, Chase won't finance anything I want to buy.My mortgage broker suggested either taking me off the parents' deed (which I don't want to do at this point) or providing 12 months of bank statements that my parents have been paying mortgage out of their account without my name on it (which I am unable to do because of certain arrangements with my parents).It would be great if a lender or an experienced investor could chime in and let me know if there are other alternatives to deal with this as I have already found the property that I want to purchase.Thanks

What legal arrangement do you use?

I’d recommend finding the right agent and committing to them but don’t be afraid to ask for any additional clauses to the agency agreement that make you feel more comfortable with the arrangement.

Additionally, since a tenants in common ownership arrangement allows each person to maintain a different fractional interest in the property, the amount you can expect to invest may be flexible, depending on the size of your ownership stake.Opens up the potential for diversification and safety Given that the barrier to investment is lower with a TIC property, that offers many investors the chance to diversify their portfolios and invest in multiple properties.

Depending on the arrangement (lease, lease-purchase, profit sharing, etc.), you should have zero liability for the mishaps of the operator, since the license they have to legally operate the business would be expected to assume liability.3) My current understanding is that the ADA requirements would only be mandatory if it was a commercial facility dedicated to a particular use (i.e.

In reality, I would not be bothered by this arrangement based on what has been presented, which understandably is a little bit limited. 

If you want to borrow money from your family, figure out the arrangements ahead of time and get it all in writing. 

Additionally, he left all his tools at the worksite and I message him to get in touch with me to arrange for pick up. 

This being said, don't waste a contractors time with walking a property with you unless you are serious about purchasing and already have financing arranged.

I had an electrician come to give me a quote and he is saying its about $7k to replace everything including the electrical box outside, install a copper grounding rod, work with the local electrical company and arrange permits and building inspections from start to finish.