---Unfortunately, every "guru" and even many investors, fluff their numbers to get positive attention.

There's enough money between us and them (the parents) to cover the various issues that might happen, my main concern is that the bulk of the cash is with the parents, and I'm not sure how to position it to a bank to get a mortgage in my name - because of my understanding that this would be considered an investment property and you can't use gifts as down payments for investment properties. 

If this works out well, it can position you to grow your portfolio quickly.

Interest is long term appreciation though some sort of positive cash flow would be ideal.thanks so much !!

If you have had positive experiences with insurance providers in the area or know someone who provides excellent coverage tailored for vacation rentals, I would be grateful for your recommendations.Additionally, during the property inspection, we found a few minor repairs that need some attention before we officially welcome guests.

Additionally, I’ve secured seller financing for half of the purchase price, but I’ve been told this could complicate things further since banks typically prefer being in the first lien position.

Living for very cheap/free takes time.I'm at the point where if I rent out my main house, it will cash flow positive.

I have investment properties with some equity that are cash flow positive, allowing me to live off of my rental income.   

His job salary didn't really warrant what he'd spent on his car, so I just said he didn't meet the credit score criteria, and he understood and moved on. 

The CO 1st position mortgage was fully paid off and in 11/2021 I opened a $200K HELOC, Borrow Terms are 5yr draw/15yr payoff at 3.99%.