If you haven't checked the market for homes with "inlaw suites" or whatever your market equivalent is that can be a way to get it done as well. 

It can be very frustrating.

I have experience in REI for 10 years now and I would be more than happy to share whatever I can to help motivated beginners like yourself!

If you haven’t already, I’d scope out the municipalities around town.. from what I read in The Economist, the Phoenix metropo area continues to rank high for job growth, which usually bodes well for new builds.

You have to make a deal rather than buy a deal, be more appreciation focused, and be more patient.

Sounds like he will be the "GP" and you as parents will be the "LP".

I would want too as well.

Hey @Rob Cassagne, I have found AirDNA to be pretty optimistic.I will say it is going to depend on the area.

Airbnb can be tricky, there will inevitably be bad guests or issues with the rental – but adding value on the front end and managing the guest stay appropriately makes all the difference.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The amount of cash flow on a home will of course be contingent on the down payment.