My plan is to use my associates money to buy the house, hold on to it for about 5 or 6 years renting out the rooms in it for that amount of time. 

If this were me and the location were great I would tie the property up, do a demographic study and prepare a short marketing book including traffic counts, household income in 1-3-5 mile rings, aerial shots showing other retailers in the area,ect.

Research the old Household v.

New construction isn't even keeping up pace with household creation so it seems that hyper-supply is not on the horizon. 

Aloha Michael,There is really no need, they just feel they are getting older and need someone to trust their estate with.The parents want to add our name because they have a co-signer they want to remove as well and there is a trust issue with the other members of the household.

I had success buying defaulted notes direct from Consumer credit type lenders  Household finance type companies.. but the big banks sell this paper in bulk in big tapes... but if its a local Texas bank and they will talk to you then its possible.

Did you know around 70% of US households have a pet?

http://money.cnn.com/2017/02/16/pf/americans-more-...Household debt is back up to 2008 levels, but delinquency on debt is ~ half.  

New households are formed, you see the picture.The showings are the issues, not the buyers not wanting to buy!

Third SFH is a restaurant household and both husband and wife are out of jobs plus 3 kids at home.