In the case of students, some of the things we offer: arrangements a discount (13%) with a self-storage provider while they are waiting to move into one of our properties or, when they are moving out;discount on end-of-lease cleaning services (using our cleaning service ... the same folks we would have come clean the property after they move out w/o cleaning thoroughly) or on having the cleaning service come regularly;A complimentary introductory session with a local pilates studio;an organic pizza from a local CSA business during exam period;One of the best received "perks" is our "Take Me Home" card  which enables tenants to have a taxi bring them home -  whether they are at the library studying late or out on the town with all their money spent.  

They want a ton more work out of an agent than John and Jane Doe home buyer...

If the family member wants their money back with their return in a shorter period of time, then you'll need to work out exactly what terms they'll be willing to accept.

I have called up to talk to the workout department and had to hold on the line while faxing a POA in. 

I am also in Everett it seems to me there are deals that work out on some multi family's in Everett and lake Stevens.

Both my wife and I have taken his courses, for getting and renewing our licenses.I wish I kept the info of a 2 or 3 day cram session course we had taken a week before taking the exam.

Right now I have them handle my bookkeeping on top of taxes and annual tax strategy sessions.

If on the other hand you need more time to work out the kinks with renting it, or you find you don't like being a landlord, you could either keep it without a mortgage or sell it a profit (if you bought below market; and you clear it with your parents who presumably sold to you below market to hold and not to flip).

If you can find a rental that covers all your payments it could work out nicely. 

If all these work out for you then go to small bank and present the deal to them for purchase and rehab.