I told them that it was a better idea that, instead of buying a home first, we can buy an investment property and keep renting after we build some equity, sell it and put the down payment for 2 houses or a duplex and live in one and rent the other one (for me, i could keep renting until we buy a lot of investment properties and then move to one of them), but my family wants to buy a home firts and then the investment property.Can someone give me a light of what is better or the pros and cons.Thank you so much.

One thought is to sell our home and move into a duplex, triplex, or even quadruplex. 

So instead of gifting me the property she is deciding to sell me the property for 100k which is what she owes plus interest and that would pay off the reverse mortgage.

Currently, I am renovating my home to get a HELOC or sell.

-Rob,Greg, and Al I'd start with a real estate agent sending you all the new construction 2-4 family styles that have sold and pick one that is small and compact and sells for a premium.

if you bid and win and its not occupied, move in or rent it or sell it.

@Gaurav SharmaDo you mean advice on fixing up and selling your current rental properties or fixing & flipping in general? 

Also MLS properties have sellers that are ready to sell and are selling because they have to by choice or otherwise.. 

I've been searching for a while here on BP but have not found a thread related to my situation:I've been renovating and renting a property for just over 2 years and may be in a position to sell/close in the next 30-60 days.I am trying to cut-off major projects at this time to make a clean break, however we have committed to replacing windows in one of the units (windows are already ordered), with total project lead-time of 45-60 days (windows have been hard to get for the past year).In the event we have a closing date PRIOR to window installation, how should we handle paying the contractor?

Take the loss and sell the property and reinvest in REITs to benefits from the housing market rebound after rate drop.