Her father tried to be an entrepreneur and had some cool inventions but ultimately was never successful in business and the family suffered quite a bit for it.

So you'll want to get an okey dokey from your accountant but your father is probably OK selling two of the duplexes to you and doing a 1031 exchange as long as you hold the properties for a minimum of two years. 

Not sure if that's a good rate or not if we went that direction.My father in law has encouraged us to go ahead and lock into a conventional mortgage, but my concern there is the appraisal, as the house in its current condition may not appraise for the sale price.

I am confused on the fathers house being hard money. 

having a difficult time using both the brrrr and fix and flip calculator because i intend to live in the property for 1 year so not a rehab. these calculators seem to assume i won't live in the property. based on the factors below, i'm hoping someone can poke holes.arv=270krepair=my father who is a general contractor is overestimating at 35k (it's definitely livable, but there's opportunity to upgrade/update such as the roof, floors, cabinets). i'd live there for a year and plan to either flip or rent after the year.annual expected property tax=$7.5klisted price is around $235k ($/sq ft is below comp average)comps within the past year for similar properties around $260-$280kpreferred profit (not too sure about this) but $20k is a target...i guess.estimated rental based on recent is $1.8-1.85k/monthi was thinking about offering $210k max, but the calculators recommended an estimated purchase offer between $160-$175k, which seems extremely low given the livable condition.what am i calculating wrong here? 

My Father sold his home in WV and setup seller financing for the buyer. 

Even if she was paying $1,000 a week to the father, without that judgment there is no RECORD of payment.

His father owns the property and he currently manages it for him.

RE has been part of my life since the beginning, my father was a developer - very small scale, 20-40 lot neighborhoods which were mostly ranch/split foyer starter homes.

I am a proud father of a 15 month old little man and my wife and I are expecting number 2 in October of this year.