I have been managing a few properties for my parents so the renting side and maintenance etc I am comfortable with.

When investing with retirement accounts you have to stay in compliance, i.e. not doing transactions with prohibited persons (yourself, your heirs, your parents, the list goes on).

At the same time, I contacted the real estate agent that helped my parents started out in real estate investing to see how she could help me.

My parents are going to contribute the other half.

Also, if they have a child then they will want one as well.The other side is that if the area is more of a single/dating area and little to no families then the shower might be better.  

There was a single woman with a child living in the home and over the years it had become somewhat neglected.

California allows for transfer between first generations not to grandchildren when the parents are alive.

California allows for transfer between first generations not to grandchildren when the parents are alive.

My debt also equals out to about $100k but half of it is a Parent loan, but I'm the one paying it off. 

As a parent, I would rather work hard, pay a little money, put them in a good school than to worry about the $1000 I might not get to make.