These props were in good areas so I am guessing that is why. keep in mind true A class areas whould see majority of comps being sales to homeowners NOT investors.. homeowners dont care what the cash flow is or the potential rental income is only investors do..

To say it's safe, simple, "aaahhh banks won't do anything" is simply NOT true.

Hey Laura,So I can't help with the true GAP funding, but I might have some ideas on how I could help utilizing the seller financing and transitioning it to something long term. 

However, this has to be the primary residence of everyone on title in order to qualify and even if that were all true, we're still only up to $1M that way.I agree with the other commenters, the parents should continue to own it and live in it as their primary, leave it to the daughter when they pass, and she inherits it at the stepped up cost basis. 

Quote from @Chris Seveney: Quote from @Chris Seveney:Yes if too good to be true it probably is.

Figuring out the true cost will heavily depend on the type of dig down, depth, and total square footage. 

One of the biggest challenges for everyone involved is being on the same page about the actual time required for maintenance.DIY landlords rarely properly track their time when it comes to property management in general - tracking their true time invested in maintenance is where they perform the worst.Investors that hire PMCs are rarely any better at understanding the true amount of time maintenance takes.

Neither that course, nor City Park are really all that great, using that space for a true park is, in my view, a great move for the city. 

If it’s too good to be true then it is.

If true, then you would want to have each property 100% in the name of the LLC, with a mortgage and deed in the name of the LLC.