My parents want to get a house closer to town. so my thought was, could I potentially just purchase a multifamily house in Lafayette Indiana using a low down payment financing, since I would plan on being there for a while myself, then rent the other side to them (under market value and less than the crazy high mortgage they pay now, but still high enough to fill an emergency fund into the house) I would be using my own low living expenses to build up capital for my next investment property.

This forum is filled with positivity compared to other ones I have read, they actually made me rethink about real estate for a little bit.Also, since you guys (@Taneka Nesbitt and @Evan Morton) are from here, I'm curious to know how do guys like the Ga real estate? 

You may send his link to this [her] email account, and I will be the one to fill it out with his information."

Filling out paperwork that says a loan was made where it wasn't funded is loan fraud.  

Do you rely solely on the SmartMove Application or do you have tenants fill out another form too?

Once I get a seller to fill this contract out I then submit this to what is known as a title company?

@Jen TeskeI don't know the area so I can't speak about the market you're in, but just by looking at the #s, you're missing a few things: Water, Sewer, Heat, Electric, Gas, Trash, Lawn/Snow removal, Cap Ex, Property Management (even if you're self managing, this needs to be factored in if you want to scale), and although you did include vacancy, if a real vacancy were to occur on a SF you'd have a 100% vacancy, making it negative cashflow since you'd have to cover all the expenses, not knowing when it'll be filled again. 

Can someone fill me in on this.

This city is filled with PM companies that will lure you in with promises of quality service just to get you signed. 

If a flip, either drywall over it, take it down, fill in the seams, etc.