Most can't and that's where money is often spent unnecessarily.

Taxes are high in TX with real estate, so put more money down to create some cash flow.

Is the question Do I ask my parents to look elsewhere because I want to make money?

Hey @Divine Nasikpo,If you have limited cash or assets, there are still ways to start earning in real estate:Wholesaling: While there are mixed opinions, wholesaling can be done with minimal money.

I am responding as a consumer not a STR owner we had one its lasted for us for exactly one tenant then we felt it was too much work for the return  on investment we do much better loaning money and buidling new homes than to worry about people goofing up our homes :)I do have some MTR you know fully furnished homes in Vegas and those are money makers for us top of the line tneants paying double the going rate for rent.

No, they don't want us to lose money, they just want to make sure we make no money!

To generalize broadly, most who call themselves private or hard money lenders (or any of the other euphemisms for the same thing) typically originate first-position or (rarely) second-position performing real estate loans.

You can most certainly make more money with higher occupancy in your short-term rental.2.

If so you should be able to cancel but if you are doing it out of the inspection period you are stuck and could run the risk of losing your earnest money if you put any down. 

I spent a lot of time and money to learn how to structure seller financing deals.