I've never heard the 25% thing before, but any difference between FMV and sales price would technically be considered a "gift" with potential tax implications for your parents.You can avoid most seller costs as there's no reason to use agents in this case.As an FYI: I always recommend avoiding a FHA loan, if you qualify for a low-down payment conventional loan.

Once you complete your class and pass the test, you will start looking for brokerages.

The moisture issue and structural issue need to be addressed and you can do so before the insurance adjuster comes out.

Networking with private lenders and purchased a book. :) 

We did floors, and multiple interior repairs ourselves while living there.

If information is limited, use market-based assumptions to run a "worst-case" analysis.

Lien is filed and recorded and then do nothing until it gets paid or property is sold and is paid ..

I have had a few 2025s come in so far, which is a little better and earlier than last year, so we'll see how it goes from here. 

Property Details- Size: 64,000 SF Class A mixed-use building - Commercial Space: 25,000 SF - Residential Space: 39,000 SF (32 duplex apartments, 2BD/2BA) - Parking: 165 spaces Vacancy and Rental Status35% of the prime commercial space (about 10,000 SF) was vacant and not marketed for rent online. 13 of the 32 duplex apartments were rented at 35% discount to comps What made you interested in investing in this type of deal?

I'll be happy to meet and talk with you and explore opportunities to help you achieve your goals.