Comparing just those two things, you would save way more money in the long run by avoiding the annual mortgage interest.

It’s growing fast, has good schools, and offers affordable homes compared to Houston.

I bought lots of umbrella insurance.I'd recommend you talk to a local attorney and compare services and fees with Anderson.

In Philadelphia the fundamentals are strong: leading industries/employers are in the Education and Medical fields which are known to be stable, proximity to NYC and DC, national airport, port city, affordability compared to mid-atlantic predecessors.

You can also look into building a rental portfolio which is a little less hands off compared to flipping.

The cost associated with insurance for not having 20% is peanuts compared to what you potentially can do leveraging your down payment. 

I would confirm by seeing the product then going out and checking comparables in that market that have sold. 

Reach out if you would like to compare options or revenue potential for different homes and communities. 

.- Ask the attorney if your aunt & dad need to authorize lien, or just aunt.2) Understanding your options to force payoff of the lien.- Ask attorney how you can enforce collecting on the lien when you need to.3) Getting full control of the property, while allowing your aunt to keep her ownership.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!

MD is bad compared to Ohio where piercing the corporate veil is a myth - applicable only where the owner (even 100%) has committed a crime or fraud.