You will just prolong the need for a traditional lender to enter the picture. 

First with the brother paying a mortgage that is in the parents' name, and second with the parents quitclaiming their interest in the property to the brother (this is the big one).I imagine if they quitclaim their mortgage has a due on sale clause...If the brother can't qualify for a mortgage on this house, perhaps he can't afford it and your wife's parents are prolonging the inevitable...

Was made from particle board which disintegrates when in prolonged conflict with water.

The state has terms which favor the borrower and prolong the foreclosure and eviction timeline.

In this prolonged artificially low interest rate environment imposed by the Fed, people have forgotten what risk means while  chasing yield.

I try to make a longer sublet work if my tenant have prolonged travel but it doesn't sound like that  is the case with 50 reviewsOn the posting on the door I would also send by registered mail or a written form. 

Partnership can lead to a lot of headaches in the future especially if you don't have a prolonged history of trust with the individual.

My inexperience as a brand new investor contributed to the prolonged vacancy.    

Given the prolonged and significant run up in prices here I would say it's more likely for the market to soften than to continue in this upward trend over the next few years.

You have to do the roof on that house and it costs $7,000, well you had the cash on hand and you don't need the cash flow to live so you just don't make any money for 1.5 years as you replenish your fund.The issue is a lot of people spend all that cash flow and don't have the liquid reserves or supplemental income to handle a prolonged vacancy or major capital repair, so they should be accounting for this and putting away money for the inevitable.