Market Analysis: Palm Desert seems seasonal, so the cash flow challenge might not improve significantly without some adjustments.

I have a hard money lender established to cover 80% of the purchase and 100% of the rehab, so my capital partners would be covering:20% of the purchase priceRange of $30,000-$50,000 cost of capital25% of the renovation budget (to kickstart the project while waiting for reimbursements)$25,000 contingency padAny tips would be great, and if you happen to be interested yourself I can send you more details.

Are their listings detailed with good-quality photos?

For Conventional, you can only use 75% of the gross rent until you have Sched E history for the rental for a net rental income analysis. 

I recommend compiling an analysis/presentation stating that your parents will save an "x" amount by working with you instead of "ABC" local property managers.

I will reach out and ask more about the details of the situation to better understand what went on.

This is a "me" assumption: I assuming that I made a mistake somewhere in my analysis, so please feel free to show me. :) I learn a lot more from my mistakes than what I (very occasionally) get right on the first pass.

So, for everyone else who cannot possibly evaluate every deal in detail.

Quote from @Jaycee Greene: @Lamier Guzman For the duplex in Hampton, are you thinking about something like this: https://www.realtor.com/realestateandhomes-detail/422-Homest...?

Also thank you for the added detail to what @Chris Mason was saying.