In the great Alaskagold rush, people made more money selling tools and supplies to the miners than the miners made for their efforts.

There is now essentially no benefit to obtaining a second home loan over an investment property loan, except for the ability to do 10% down rather than 15% (minimum for investment properties).This info is all related to Conventional mortgage financing.

Essentially it works out to them gifting us a house - they'll pay the down payment and reimburse us for mortgage costs each month, and when they die the house will be ours (and we will continue making the payments ourselves or sell it).I'm not sure yet how repairs will be funded, but either we or them could cover those costs financially and neither of us are going to be trying to squeeze the other one, so I'm not worried about managing that. 

Evaluate Local Vacancy Rates & Rental DemandSince Gallatin County is a growing market, it’s essential to ensure there's strong rental demand and low vacancy rates.

Do you use any tools such as Airdna?

“Essentially, they are cutting in line,” Mills said, referring to the super-lien priority status over a mortgage.

BP has some great resources and in fact we have found it to offer far more in terms of tools and contacts than a course we paid WAY TOO MUCH for when we started out. 

Having a handyman is essential. 

Just want to make sure I have every tool I could possibly need!! 

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.