I have a situation where a mom wants to sell her house to her son.

The house is in rough to ok shape, but needs renovations to bring it up to market value, in my opinion (thinking new flooring throughout, interior paint throughout, updated kitchen, updated bathrooms, landscaping, back deck repaired/replaced).My parents are actively having discussions w/potential buyers who are looking to purchase the property as is and have received some verbal offers from direct mail discussions, but up to this point, all offers have been lower than my parents are hoping.In my role as their beloved son, I'm thinking through options that would have them sell it to me while I rehab and then sell it closer to market value.

Sitting down with the title company is important to cover a lto of what your state. 

I'm young guy of 27 with two beautiful sons and a wife.

Its like I tell my son, you don't have to be afraid of failing, its going to happen; there's nothing you can do to stop it.

When I was much younger I worker full time , went to school at night coached my sons soccer team and was in the military reserves So I am heartless when someone uses every excuse in the book not to pay their rent.

I am in Georgia now and will be heading back to Kentucky son.

The owner added their college aged son as co-owner, how does it affect him if the properties are foreclosed?

Not the end of the world for her.If you were her son (and she wasn't the tenant), she would be urging you to raise to market......Having said all that, it's tough.

One tenant is a Section 8 and the other tenant is a 3 member family (husband, wife, college son).