There are other things as well regarding late fees not to exceed 8% of the monthly lease payment, and not withholding a rent credit for a late payment etc.

I have quite a bit of business/finance experience, and have been busy learning the real estate "code" and different metrics used to evaluate deals.Entrepreneurship and REI is in my blood as my parents and siblings have bought/sold/managed several businesses and properties over the years.

I ran that idea by my parents and they didn't agree.

The property is owned by the kids and there selling to settle there parents estate.

Her car is parked at my parents house.

I've though out an action plan on how I want to approach wholesaling, however my parents feel pretty skeptical about allowing me to pursue this while I'm still in school.

My parents had company over for thanksgiving.

I was told that they were influenced by their parents and were firm at 182k.

This would give us about $40k in free cash that we would then re-invest into the bigger mortgage of $256k that is currently under my parents name purchasing the house from them for $215k and doing a gift of equity on the remainder of the properties value transferring ownership from parents to my sister but lowering the PITI to a reasonable estimated payment of about $ 1,200- 1,500.00 per month.

The large 20s - early 30s age group benefits from job vacancies left by the boomers but are also more skidish to purchase homes as they have seen the dangers and don't wanna deal with the hassel of homeownership and tend to change jobs and even careers more than their parents.