The fact that this family is working together to keep this on the tracks is remarkable as well..  

My assumption is that it still will be better to purchase in my name (better loan terms, ability to put 20% or less down, and I'm already pre-approved) and move to an LLC, but this seems like a steep cost of doing business.

I challenge you to find a single reputable source that shows otherwise.I then advocated for all newbies start close to their home market.I stand by my remarks and challenge you to show one statement to not be factual.  

As long as the location was in the path of progress, and the units themselves had already or the ability to add features like off street parking, in unit laundry, etc. 

Check with your tax professional about your ability to deduct the interest on a HELOC from your taxable income.2.

At the heart of effective property management lies the ability to balance the competing interests of three critical stakeholders: owners, tenants, and vendors.

Hopefully his students are better, I don’t like the idea of thousands of people entering the industry trying to find sellers willing to sell via subto who all think it’s okay to bend the truth, especially with transactions like subto that are complicated and require a lot of trust on behalf of the seller (that the buyer will do what they say and keep making the payments and not wreck the seller’s credit potentially affecting their ability to have a place to live in the future because you can’t even rent an apartment with bad credit). 

@Keith RichardsonIt depends on your risk tolerance and ability to stay organized.

@Agatha Oliveira Over the last 10 years case law has been established that greatly expands the ability to redeem tax sale properties.

Truly remarkable!!!