The lender is only entitled to the total amount that's owed.

Perhaps go to some REIA or other meetups in your area and speak to some seasoned investors. 

I can't speak to the financial viability of the rental model you propose, but it's definitely worth carefully considering the cost of restoring that cabin.

Hey Christian, I'm very familiar with the area Elmwood st Delaware park, in which you speak of  I'm Currently in NC. 

Empirically speaking, it's not accurate to say the predicted ARVs are "inflated" (appraisals are used as just one input to estimating value).Raw data for each transaction is available in a public Google Sheet for investors to analyze.Visit https://blog.groundfloor.com/an-analysis-of-arv-es... for a link to the sheet and more details.

I don’t know your situation but generally speaking I would be cautious getting in to this type of property as a new investor, and might even steer you towards one duplex costing $120k instead of two at $60k.

Do you know anyone that has been in our shoes that we could possibly speak to?

Your parents should speak to a lawyer and let the lawyer know the relevant facts and what it is that they are trying to accomplish with this transfer.   

Hi Nick, Generally speaking you can assume investment transaction interest rates will be a point higher than owner occupied interest rates. 

I know usually we speak about CAC, ROI or ROE.Thanks,Sonny