Start building a nest egg for future investment, could be for education, could be for rehab / repairs.

If one has a large nest egg they can afford to be more aggressive.  

For our next investment, we have been putting away savings for the better part of the last year and now have a nice nest egg where we will be looking to invest out of state.

We also gave him a nest camera so that he could see who was in the home when they came in.

Given that I have a small nest egg, should we flip this property (305-315k) and gross about 35k to use to the next purchase (which we will still have a hard time financing in a refi), or keep this and make it work? 

It can be profitable but it’s not a game to play with your nest egg when you’re close to retirement. 

Yes they would pay off current debt but if close to retirement their home is their nest egg.In addition a home that at 2/3 value only gives a 4% return is a terrible investment even in the most expensive of markets.I'm really not trying to be mean or discourage you from investing but make sure your parents are on board with giving you a $100k gift for you to buy an investment property that isn't fantastic. 

Congrats your Property looks great....On to the nest one....

I'm also going to be using hard money to fund the brrr deals until I can build up a nice nest egg for down payments.

Would you trust your nest egg to someone who is new to their asset class?