We almost pulled the trigger on an offer for this one.

Also discuss with the agent Loss Assessment coverage & Personal Injury Liability. 

Your parents signing over their house to you will be considered a gift, will require the filing of a gift tax return (probably not trigger any gift tax), and will reduce your parents lifetime gift exclusion. 

The only unknown is when you are doing a rehab, at what point or how much rehab, triggers the need to add sprinklers.

When you do find the right property for your portfolio, make sure you're ready to pull the trigger and write an offer immediately.I bought a duplex in November of 2019 for $147,000 in Grandview, now worth about $180-190k.

Right now my goal is to keep analyzing properties and ensuring that I do have my numbers correct for when I am ready to pull the trigger.

Need to pull the trigger and stop over thinking.

I have been studying real estate investing for 20 years, but never pulled the trigger except for 1 house I bought at a discount from a motivated seller 20 years ago, and another house I picked up after the 2008 housing crash that I live in now that has appreciated significantly in 10 years.Now I'm focused.

Worst case, you trigger the due on sales clause and must pay the loan in full.

Maybe it will trigger a discussion leading to a more complete FAQ.Here is a scenario.