Becoming a LandlordYour house appreciating at 5% annually = $25K/year.Your parents' larger house = $30K/year.Financing the PlanTake out a mortgage on your house to buy your parents' house.If their mortgage rate is lower than today’s rates (6.75%), keep their mortgage and assume it.Why It WorksYour tenants pay the mortgage—not you.Each monthly payment includes ~$300 toward the principal.

I stopped listening to the BP podcast when Brandon & especially David Greene shifted almost entirely into talking about mindset.

However, I am thinking of having my parents who are retired living there part of the year and doing STR for the remainder of the time.

Looking to connect with other working parents who started this business adventure in their early 40's and made it work!

Don't operate under the, "we get along and can figure it out" mindset. 

I played Kiyosaki's Cash Flow 101 Game this weekend with 3 new Mentees of mine.This is seriously not just fun, but really good for learning and mindset training.If you haven't played this game - you must. 

I’m still on the first step of learning as much as I can & shifting my mindset.

Also, if your wife and her parents were the real estate investors first, why aren't they weighing in? 

I have not found this mindset in DFW. 

I know the mindset.