Please let me know if you would like to meet-up in person and I can help process some options for you. 

The person I spoke to didn’t want to give me her husband’s name who is on the lease because they’re getting divorced.  2. lived in a duplex that changed ownership, I called them and sent a verification form over.

In our previous example of $4k net monthly income the disbursement would be as follows: $4,000 Net income$1388 principal loan repayment to majority partner $1305 (50% of $2612) to majority partner$652 (25% of $1305) to each minority partnerAs your parents, they might not require or care about the same rate of return, or a return at all (except the equity position) especially if they're planning on utilizing the property for personal time.

If they owed $200k they’d still have to personally buy at least $500k.

Hi Kenny-Great question about whether you should put a house you plan to live in and rent out parts to others in an LLC.Certainly putting it in an LLC would help with asset protection and limiting personal liability.However, you may lose the ability to claim the part of the house you live in as homesteaded tax rather than the higher non-homestead investment property tax for the entire property in an LLC.

With 25% down conventional (full income verification) even with 2+ units rates should be healthier..I wouldn’t suggest investing on the rate so much as the quality of property and analysis.

I buy Mohawk brand and it's really good quality.

@Zhen Yuango look in person. 

… heck ya… but I was more scared of being stuck in the same place and losing money on this new rental I just launched, I was a 100% newbie)I personally came into the mentorship program just to learn how to get travel nurses in my rentals (at the time it was my 1st rental property) . 

Personally, I've been in the mobile home investing space since 2007 without going the section 8 route.