Even if I was the senior lender for one of the new developments, in a downside scenario I wouldn't know what to do with the land / the half-finished or finished (but unsale-able for whatever reason) inventory.Therefore - I don't want to invest / make a loan in the development JV itself - I would rather make a loan at the parent-co level where there is collateral in the form of completed properties that are generating rental cash flow - they do have mortgages on them. 

I want to start a discussion about millennials living with their parents.

As far as friends go, when you're young, that generally means the parents of friends as the tendency is they will have money to invest where friends in your age group are less likely to have investable funds. 

They will sell their home and parents home and with proceeds provide a down payment, The rest of amount would be a lease-purchase.

I pray you're not a parent. 

Currently my husband's parents own the property but need to sell due to declining health. 

Purchase price: $350,000 Cash invested: $100,000 My parents and I partnered and purchased our first real estate investment property in 2023.

Are your parents on board with any of this?

I was able to partner with my parents to secure funding for the down payment via their HELOC.

I was able to partner with my parents to secure funding for the down payment via their HELOC.