I helped my parents rip out the carpet and my dad did the painting.

My parents had moved to another state, I later followed and got a job.

Even though I grew up with my parents/grandparents/uncles/aunts/ and cousins all in the real estate industry, I'm learning new things every day thru the podcast and blog posts.

It's going to be a joint venture with my wife and her parents.

She moved in with her parents until she could afford to turn them back on.

Then I will either:sell house to parents of upcoming students or an investorormove out and rent 3rd room and keep as investment property1st offer 44,800 (denied)2nd offer 52,800 *Denied under assumption that I would not be able to get property habitable within 60 day move-in period.

Life change (illness, death of a parent or spouse, retirement, etc.)?

My husband and I don't own any flat roofs, but my parents own a complex with flat roofs which had the roof drains plug up with leaves.

I am insulated against that hit somewhat because my parents have the cash available to put back into the IRA if I failed to secure the funds within the 60 days.

I didn't go to school for this, my parents don't own rentals, none of my friends own rentals.All I've really done was save a (considerable) chuck of change, buy a house and find some people to rent it to.