Cons are the liquidity event that your parents will have to do to purchase the home (I assume the funds are in some sort of investment today so there's likely some tax ramifications on cashing those securities).

My biggest hurdle has been securing financing to work on multiple projects simultaneously.  

There’s no specific IRS rule against refinancing a cash purchase and deducting the interest, as long as the property is used for investment purposes and the loan is secured by it.

Combining these strategies often gives investors the best balance of cost, simplicity, and security.

With really bad credit I do require (in addition to first month and security deposit) 1/2 to a full last month's rent and/or a good honestrenter.com score.

@Dylan Robinson I've got buddies that used their VA loan to secure big beautiful plexes in DC.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

You would choose the tenant so you would have a decent amount of security on who is living there.

I continue to pad my social security contributions full-time with the hopes of maximizing my retirement benefits.

In order to secure the property, we had to offer 10K over asking with the hope it wouldn't appraise.