And for rental houses. this is not common and absolutely  crazy to do a deposit over maybe 5k or 10k..

The question was, has anyone noticed that Zillow is restricting "owner financing" in the listing?

But don't you notice any irony in two guys debating this example?   

Avoid common pitfalls like skipping due diligence, underestimating repairs, and overleveraging having reserves and a strong team is key.Good luck!

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.  

As I'm looking over their explanation I notice that I am being charged 8% of the rent received from CMHA. 8% from the rent the tenant pays and another 8% of the water bill which the tenant pays. 

I notice you didn't say you'd actually seen the tenant's policy.Are they properly licensed?

Hard money would be the easiest and most common route to fund the purchase/rehab.

@Brian Dolbeare This is a "it depends" question for sure, but in most cases street parking is pretty common here.

I call it that because most commonly the listing agents call me and says "you mother f...." to me in response, lol.