no  it     is actually pretty easy  just a few things we need to do feel free to contact me for info

If your parents give you money, and it's been in your account for 2-3 months (I can't remember if this is lender-specified or a rule that everyone follows) then it is considered your money not a gift, and you don't have to prove where it came from.

It's easy to get excited about potential, patience is definitely key.I believe the property is bank owned, but getting ahold of that bank has proven to be more difficult than anticipated.

It might be a good time to take it easy.  

well assuming it meets the QM rules for owner occ.. etc.the scenario you presented is not a very attractive note unless the discount was HUGEPV is what investor look at.... what rate of return they want and in notes its usually 8 to 12% APR but with 100% leverage most investors will only pay on face value about 60 to 70% LTV ... so right off the top you would be taking a substantial hair cut.No secret what your trying to do.. but I surmise you will very quickly realize its not realistic .. the discount would be such that it makes it a no go.If your thinking someone will lock up their money for 10 years at 5% well thats not going to happen especially at 100% LTV... 

This is not an easy business and lenders are extremely picky.

Any investor in the area have a great recommendation for a real estate attorney in the Goose Creek/Summerville/Charleston area that is very knowledgeable and easy to work with?

Any special rules for landlords in winter time in Chicago, Cook County, Illinois like ashing walkways or puting salt on those?

If we use the 50% rule, that makes cash flow 7800 per year and that makes cash-on-cash 8.76%.  

With winter coming would you be able to re-rent the place quick and easy?