Both side will rent for $650 each ($1300/month).

My parents want to get a house closer to town. so my thought was, could I potentially just purchase a multifamily house in Lafayette Indiana using a low down payment financing, since I would plan on being there for a while myself, then rent the other side to them (under market value and less than the crazy high mortgage they pay now, but still high enough to fill an emergency fund into the house) I would be using my own low living expenses to build up capital for my next investment property.

Now I have evolved into the house flipping side of things for the bigger returns.

I assume that hot and cold water lines are separated and running to each unit for that to be an option or no?  

This answer was posted in another thread: Account ClosedOriginally posted by @Charles Parrish: I get leads from housing inspectors - many of them are vacant houses, talked to neighbors on either side of the house and also across the street, if they are not home leave a note.Check the tax sale listDo a "bring to date" title report, see if there is a mortgage or lien Try to put yourself In the chain of title, buy a lien, foreclose.

You buy it and fix up the renter's side first, and let's say you manage to rent it for $1000/monthly, but $750 of that goes to expenses - mortgage, loans to fix it, insurance, etc - so you have $250/month to go along with your $20k/annual, so by year 3 you have enough to buy a second unit. 

Hi All,I've been an investor in the Seattle area for the last couple years (buy and hold rentals) and recently picked up drones as a side hobby.

A Flat Fee MLS listing will save you at least one side of the commission while getting the MLS exposure that is a MUST for a fast sale.

Let me know if you need any assistance on the PM side!

The rehab has been done here in Florida in August in a hot box.