If you take a loan to pay for your mother-in-law you are taking on that debt in your name.

we did the first 3 in a 18 month period we used internal funds so no debt.. these were 350k to 400k all in projects.. so U need cash to be a spec builder or you need investors if you dont have cash..

This is both a legal and tax question. 

if his income is strong enough and not as much debt, he should be OKHope that helps..

Debt will get paid down, rents historically will go up, and values historically will appreciate. 

Waiting until you get a deal under contract to then see if you can put together the debt and equity is a recipe for disaster.

It's basically a legal 2-unit that can cashflow $900/month.

Or really they were ALL pre foreclosures when it was legal to do this in OR and WA laws changed in 08.

In 30+ years we've been sued 1x (legal blackmail over a tenant's drunken trip/fall) which the insurance company settled for $1,500.00).We've been using some privacy tactics to keep our names off the county recorder and the target off our backs.Further, we review our insurance coverage and premium annually, just to keep on top of any changes.As with all insurance, it seems to be a waste of money... until you NEED it!

Eliminate debt, establish a budget, and save.