It’s more working professionals, young couples, families or retirees.

Did they remove the old line from the street to house and replace with a brand new one (this could cost several thousand dollars)?

Our professions are not related to real state or construction, and I never had to constitute any kind of company in the USA (did back in Spain, but laws have nothing similar).After much reading, the only two things I'm starting to get clear are: that buying and selling within a year has very different tax implications than living in your home for a few years then selling it, and that I should find at least a good CPA and possibly a good lawyer specialized in real state to figure out how to structure this to minimize taxes and liabilities.At the end of the day, my goal remains the same that I want to end up with a couple of investment properties, don't necessarily need to base my retirement on that, but just to not have all my eggs in the same basket.

We used rent prep for a couple of years and then tried cozy.

If you are brand new, you will probably need some more study to assimilate all the jargon that we are using.

Im in the final strategies of closing a couple loans with Bank of the Sierra.... 65 LTV.... 6.25%... 25 year amortization and fixed for 7 years.

Once you do so, you're creating brand value for yourself and it will help you build their trust gradually.

Since my parents still have capacity for more conventional loans we are exploring that avenue where they acquire via conventional financing and I exchange with the proceeds in to a couple SFH with the cash.  

On years where tenants renew leases, ROI increases to 13.8% since the PM’s 80% of first month’s rent for marketing and putting a tenant in place is not required.A couple of lessons I’ve learned during this particular purchase:If you’re scheduling a wire transfer early, call the bank to make sure they completed the wire as scheduled on time.  

My most recent property was purchased cash a couple months ago and rehab is complete so we are going through PenFed for a HELOC.