BUTNetwork Realty, owned by Robbie Childs, is an outstanding management company.

But I may potentially have an issue if it comes down to refinancing due to timing of this whole thing (of course nobody is ready for a parent to die...) but because I am right in the middle of flipping another house, and although I paid cash for it, I have a bunch of "stuff" that may show up on a credit report (the HELOC I use for rehab funds, Lowe's, Home Depot, etc.) and am afraid my DTI might be getting tight.

I want to start off house hacking, because I’d like to move out of my parents house and I’d rather not rent or buy something that’s gonna be a hole in my pocket while I live there.

Namely that you can't transfer title on a property to your name (or anyone else, such as gifting it to a child) without the IRS treating it as a sale.

My grandparents former home which sits vacant is owned by my parents. 

My tenant is a stay at home parent and is home all the time and would probably appreciate a few hundred dollars for letting people walk through.

@Alina Trigub, I have lived in and landlorded my parents' property in the past, so I have _some_ experience with active management, but I feel that's a very small introduction to the ups and downs of management.

If you have no expenses because you are still living with your parents, then why not go for it. 

They want to buy a house in the next year or so as well as have another child.

I moved back to Minnesota and my parents place was too small for my family of 3 at the time.