Moves are happening to a new area before school starts, teachers are moving when they aren't working, parents don't want to move their kids while school is in session, etc.

So, I kept hearing horror stories about people who went bankrupt, went to live with their parents, etc, after a divorce, and I swore that wouldn't happen to me.So, I kept the house and we split the debt. 

My parents and sister also lives nearby and check up on the house occasionally.

I had a college fund that I didn't use, so my parents "gifted" me the money!

Surprisingly when the house was (re)wired in the 1950s, fuse panels were put into each quadrant of each floor of the main house (essentially each room) and the rooms were wired to the local panel rather than trying to pull wiring back to the mechanical room in the basement.The last remaining descendants, who themselves are getting on - live quite some distance away, and have been maintaining the house since their parents have passed away {I'm told the property has/had its own trust fund}, but now want to be rid of the burden.I could turn it into six nice apartments - but unless I destroyed the character of the building in the process, the current operating costs {10K/year to heat) would make it un-viable.

They are both living at home with their parents currently.

They are both living at home with their parents currently.

They can do that at an agreed price and close prior to their sale sticking you with holding costs.

Also, I am currently living in Michigan and I will be purchasing the property in Philadelphia, my parents who currently live in Philly will be responsible for managing the property.

I am teaming up with my parents on my first deal.