Buy box: Location: Approx. 30 min drive to Boston Heights, for workNeighborhoods: Decent walkability score - not far from shops/restaurants/trendy neighborhoodsIdeal tenants: Close to hospitals/universities/schools for professionals/students/familiesBudget: $175-250K - Buying w/conventional loan, 5% down/ approx 20K reno.Property type: MFH 2-4 units - preferably side-by-side, with a yard we can fence for our dogUnits: 3+/1+ - better if 1.5/2 bath per unitTimeline: Plan to live there for 2 years, but possibly only 1 year if we find another investment opportunityGoal: Focus on appreciation - would like to see cash flow in year 2-3 (the year we move out), including overhead (Vacancies, Maintenance, Utilities) and budgeting in PM if eventually we don't manage ourselvesValue add: Opportunity for some forced appreciation, but not a full reno - cosmetic upgrades and updating kitchens/baths while we live in one unit.

Many, many self-storage opportunities.

@Nate McCarthy I think this could be a great opportunity if approached thoughtfully.

Great opportunities to buy single family house and rent out the bedrooms.  

Thanks @Walter Bowser - I appreciate that advice and plan to incorporate it into this first opportunity and beyond. 

Selling a primary residence and then buying it back as part of a 1031 exchange could raise red flags with the IRS.Your parents have a valuable opportunity to defer a significant amount of taxes by utilizing the $500,000 exclusion on their primary residence.

Do you mind providing some more specific numbers on your opportunity?

I believe this law presents a great opportunity—not only as a sustainable business model but also as a way to help people in need.However, I have no experience in real estate or foreclosure auctions.

Please share what ever information you have on the opportunity 

Don't discuss the mold with him because he obviously didn't provide evidence or the opportunity to remedy the situation.