We need a larger home for our family, that would be functional for multi-generational living with our kids and our parents living with us.

My parents have 40+ years in SFH rentals and have done quite well for themselves and have educated my sister and I quite a bit about the industry. 

In addition, I live with my parents so even househacking will still cost me over $400 a month, which is what I pay to stay with my parents.

My parents are interested in buying a property in their neighborhood using a HELOC to buy it for cash.

You claim your child as your dependent one year, then you don't, and then you claim her again.

You got in because of a gift from the parent and now you want an easy way to leverage that into something else?

He does have a couple half siblings, but they are in another country and not in frequent contact with his parents, so from their perspective all they would see is that the parents are living in an investment property that we own, and they are paying rent.  

Do a cash flow with the one less W2 and an extra child or two, or with extra daycare costs.10.  

That child brought the cat.

Hello am new here am nate and purest of rookie.. got nothing in my back got some dedt that can't seem to pay off car is falling apart.. and still live with parents.. still have this drive to buy a house and just rent it out or do the FHA loan.