U want your parents to talk to their CPA FIRST.. if they go the development route they are now ( depending on the amount of units) creating inventory.. which will be taxed at ordinary income rates ( very HIGH)if they just sell they can 1031  and move on to something else.. many times when you run the math consider the risks of a partnership.. the sale of the land is far better than thinking your going to make some profit.. 

Unless the rules have changed - and I don't think they have in the last year or so,  you can buy in the same market if its an upgrade, or 50 miles out.

I know not all title companies are created equal and that few will close on a deal at a certain price point or do what's necessary to clear title on messy title deals.

I am wanting to purchase a duplex or triplex and I'd like to do that out of California due to all the ridiculous rules the governor has made law.  

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

@Marysue ConnellyMake sure you understand your state and county laws and rules for proper notice etc.

If it isn't pro rata, then you end up with a partial sale from one partner to the other, which creates tax consequences. 

Avail is more limited to the tenant experience side of things such as creating lease agreements and accepting rent payments and deposits.

You can obviously put a tiny house on any property but the rule for new development is 20-25% of the final sale cost in land.

Close to the 1% rule and completed with W2 job relo help :) What made you interested in investing in this type of deal?