I’m currently being put on my parents feed.Now, I want to get a loan to pay off their balance $45k, get a lower interest rate (and yes it would be lower, believe it or not theirs is 9% and has been for years) and pull money out for some debt at this point I only want to pull out $20k.Obviously, there is equity.What’s the best loan for this?

@David Neubauer Forming an LLC is smart for liability but can save you taxes if get an S-corp.

You'll get the cash entirely free. 

How does a trust fit into all of this (if I wanted to get things into a trust for my children)?

Can I get an A-MEN?

You don't get to pick them.The math should be fairly elementary. 

Others were excited to set it up, and suggested I get my Operating Agreement on LegalZoom.com.

I'll network with investors and hosts to get a better idea.  

This is a request from the mother who is on the lease, saying 'she can't get rid of her', and as I understand through her is problematic. 

After finally getting access (after closing), I discovered floor damage that should have been identified.