Quote from @Zach Howard: Quote from @Brandon Croucier: Quote from @Zach Howard: Quote from @Brandon Croucier: Hi Zach,There’s plenty of options to acquire realestate in the states.Your income does not matter as much as your liquid capital for a down payment, for foreign investors we are looking at 30-35% down payment on DSCR loans. 

$100,000 is the default, and it's plenty.

I am now working as an engineer in the Twin Cities, but have plans of moving to Austin, TX with my wife to house-hack and work in the more plentiful tech market over there. 

There are plenty of flippers making good money here.

This year’s most popular areas are known for being fast-growing cities with plenty of new development, with healthy job growth in Florida and Texas in particular.

Plenty of people are happy they took those kinds of risks.

El Paso cash flows beautifully with minimum down payment and has plenty of choices.

If closing is 30 days away, that should be plenty of time. 

This would likely take coordination with a tenant at some point - (ie - plenty of notice to them that they must vacate in order for you to sell the property)Since your current home is free and clear -  you could do a cash out refi or take out a new mortgage on the new house to be able to buy your paren't house and pay off the mortgage.  

He has $50K to put down and plenty to do whatever renovations he would want to make.