Some programs allow that money to be a gift from a parent, others require that money to have "seasoning" in a bank account of 6 months or longer.That would make the monthly payment $1,936 then you add PMI $100 +/--).

Parenting 101. 

Since I was a little kid my parents have been flipping houses on the side and some of my earliest memories consist of sitting on the floor of some random house while my parents painted the walls.

They may withhold the first year interest in some cases.

Add: For the following year, we pivoted to MTR and LTR strategy since we found a good situation where our neighbors parents from out of state needed a place to stay close to them and the grandkids and has been staying at our place since 2023. 

If your parents have a long-term mortgage on it already when offer to manage the property while they're in the Floridas for a split of profit?

Right now if my kids inherit my rental property it will be reassessed to market value and their property tax will skyrocket - it takes a while, maybe a year or so after the death of the parent for all that paperwork to go through the county assessor's office.

If you're content with holding just this property for now then the cash flow + lower rate option may be best.Hopefully you find helpful!

i cover pest control and lawn care on my stuff. keeps down on issues and i know the place looks good. for my student rentals i also build in a quarterly cleaning fee where my cleaning lady comes through and does a deep clean. extra eyes on stuff and parents happily pay it to ensure their kids have a solid spot. pass through cost for me and well worth it. 

*Full disclosure YES I am an investor with holdings in "O".