I am just starting in investing and my father rents out two properties but my interest is in flipping - possibly live and flip strategy.I feel I’m pretty handy and very ambitious.

My father is a year from retirement and has decided to withdraw his 401k to help me buy some additional investment properties.

I wouldn't be so quick to say his brother being his realtor is a red flag.My father is a realtor. 

My grandfather was an experimental test pilot in the Air Force and flew in the Korean war, father a helicopter pilot in Viet Nam and brother a helicopter pilot doing 2 tours in Iraq and Afganistan.

. $5,000 per month at the time.Investment Houses: By the time I had purchased my personal home, I had already flipped two homes successfully with my father as my partner.

Hypothetically, if a mix property (commercial main level and two apartments above) only has $80k left on a $350k loan and the property is worth $500kand the taxes are $12k/yrand the rents are $4k/moand the owner is your father in-lawand he wants to sell but worried about the income taxesand he doesn’t want to buy another propertyand the building needs about $50k in updating and roofand you want to help him out by taking it over with seller financingWhat terms would make sense for him without a huge tax consequence and basically still get some of that income from the buyer, us?

My husband works full-time, but my parents are local and retired so my father could be an option.

Okay I will be investing in a house at the end of this month with my father-in-law.

Almost all of Woodbury is a C class neighborhood and is relatively safe (father operated business here for few years and was fine, although he got a few crazy customers).

I'm asking this question for my father who is looking to be a private investor for real estate projects.