I have an investment property that I was going to flip but now plan on selling to my parents.

Most of our parents are 60’s with some assets, so we also may be able to get someone’s dad to buy outright then write a mortgage to our investing entity.

It was flipped by my parents and they gifted me equity in the property upon purcahse.

I will be putting a section in the lease about living in a historical house that states the house has historical features such as this banister and landing that has a gap of more than 3 inches between the posts, the current standard, and that a child could put his head through the spacing, and that the banister height is lower than is currently used for fall prevention.Other things that are not historical such as putting in the GFI outlets by the sinks, I just do for the safety factor. 

My parents are investors and have been self-directing their IRAs since 2004, and I have now been with Quest for about 3 years, so I can definitely help to answer any of your SDIRA questions if you want to connect!

I also like the idea of partnering and could likely convince my parents to help fund a deal, but I wanted to know how people typically go about structuring that deal in this situation.

@Tyler DrapeauHouse Hacking is something Ive seen people say can do well, however it doesn’t fit my situation well since I plan on commuting to NYC for school, meaning I’ll just be staying with my parents through college.

Also, I saw the one you forwarded, I’m familiar with it but the wife and I are not in love with the area as we are looking to live there as well with our child.

I sucked it up, moved back in with my parents for a few months then found a job with a company that had work so I could get my financials in order.

It will affect your parents.