I use Joseph and Joseph, Steve is one of their attorneys who is pretty active in the BP community.

It's about building a consistent brand and presence in the community. 

If its your parents money they might need the safer path of keeping it and raising rents on it if possible.

Great to have you in the community

Save up an emergency fund (3-6 months of liquid cash, how much will vary based on who you ask/read), then put everything that is left into an account to save for a downpayment, closing costs (although asking the seller for closing cost assist is also a great plan), and some reserves for whatever "little" issues come up with the house.Then come back to it in a year and you will be in a much "safer" position.Best of luck.

Hello BP community. 

@Joshua DaviesAlex Dowdy - Community bank and trustTiffany Martin - Franklin SynergyJonathan Whitehurst - Reliant bankChristian Dickson - BankCorp SouthMike Dickson - Cedarstone bank

Higher cash flow areas or "safer" spots with better school districts and the like?

A rude awakening will be upon most when the roommate they sleep with thinks they have community property and are covered.

Hello BiggerPockets community!