I found a ravine/wash cut across the front side of the property.

If you buy the home off them directly, you can cut out the middle man (no agent) save on sales costs and then create another source of income for your family while moving your parents closer to the family.

If you sell one, you could get one more property mortgaged, but if you try to get two then it will probably really be cutting it thin on the DTI and I'm sure it will be hard to buy the second one all-cash unless you are looking in an area that you are uncomfortable in.

If you can find a good deal, you will find investors willing to cut you a check for bringing them a deal they can close, or may even give you a cut in the project.   

I run the numbers with my investor clients exactly the same way I would on my own deals.I don't cut my commission.  

Once we had started the remodel we found wiring that was cut off and taped off (and were live) inside the walls underneath areas the previous owners had remodled and they were live.  

I dislike trying to figure out how I'm going to prepare a meal with one dull knife, no cutting board, a mixing bowl and one tiny pan I can put into the oven.

The cameras has armored cable that could not be cut easily especially 30 feet in the air.

My wife and I just purchased our first home with 203k loan the bank gave half to the contractor and gave us the run around we are now about a month and a half in and this contractor did not pull permits as asked and consistanly asking us to make cuts that were not on bid i've had 3 contractors come in and say no more than 2000 has been spent and he has half of the money and says he is all out of money we have bought the appliances even though they were in budget when we talked to bank they say they are not responsible for the contractor money if it is deficient from the amout it takes to finish we asked them this before we closed and why they were giving so much upfront. they said thats how it is. what can i do now because the money we have to fix the house is held at bank and they will not release unless project is at 50 percent and the other bids we are waiting on say he is about 10 to 15 percent and they have to redo his work as well. the bank says just come up with the money what are our legal recoruses to get house finished. the only thing the bank says we can do is arbitration. 

Do not cut any corners to make a deal look better on paper but not in reality.Track all of your income and expenses that you are responsible for and review them regularly (in report form) with people that can help you possibly reduce your expenses and increase your income.