Since you're not going to be managing it and your parents will be instead, that may remove that concern for you.I'm definitely curious to hear about the type of home (rooms, square feet) and the cross streets, and any numbers you're using (cash on cash, maintenance, taxes, insurance, mortgage, expected rent, etc. if you have them) to get a better idea of the type of investment. 

I'm living outside of Binghamton now, and the poverty here on the PA border us shocking.

Hope to cross paths at some point as you get going.

A local lender may be able to cross collateralize, to possibly offer you a higher HELOC amount.Keep in mind: Maxing out your HELOC to use as down payment will most likely pull down your credit scores.

The seller was already willing to work with us on a special financing arrangement so it is looking promising that she will accept (fingers crossed). 

Hopefully we cross paths soon. 

If you were to bring it up in the discussion - I would say you've crossed it.

This way you capitalize on the deals that are crossing your path and you are making money for the time spent until that great multifamily comes into being.Best of luck and get started making some money!

Fingers crossed..

The most difficult part is to start; now you have crossed that bridge....Keep the spirit high and we shall all hear the success story soon.