The Salesmen minimizes or ignores weaknesses, emphasizes strengths, ignores data he does not like, and substitutes bad temper and clownish insults for measured & substantive responses.3)  The Salesman if often, but not always, located in NV or UT.4)  The attorney explains things in a clear manner with citations and evidence. 

Minimal required maintenance and high occupancy rates.

@Lance MarshallCheck book Ira costs are minimal from a custodian point of view. $150 to &275 per year.

My personal advice would be to live minimally and hold onto that money to invest in a cheaper market.

Any rehab would probably be minimal due to the fact that your parents have been living in the property. 

Minimal amount of repairs/replacement of some appliances have to be made to some of the units. - The lender I am working with is doing 100% financing and the terms are 5.75% for 360 months.

Minimal rehab costs. 

My personal finances are in a decent shape; minimal debt and some money saved (not enough to cash buy or put down a high down payment),  My question is, should I use a HELOC  and use that to help leverage another deal or would it be best to rent the property and after 6 months claim that as income for another loan? 

I’d also plan to show before they move out to minimize vacancy. 

I only need 10% down to purchase this property with private money and then refinance with putting minimal amount of repair money into the property.