I just had a similar situation where I was the lender on hard money and the borrower tried to issue his parents a lien on the property to tie up my collateral.

However, my parents are fairly disorganized.

I may have two other options a P.o. box or my parents house which is also in Va but 4 hrs away from where I live.

These great schools are where parents want their kids to go to school, then college.Great schools increase home values.I would start there.Brian

our condo is only making us money b/c it was a gift from my parents as a wedding present. so we own it free and clear!

It would depend on so many things, your other income, your other assets, your financial needs, your tolerance for risk, how hard you're willing to work now and later, your age, your family needs, i.e. kids, aging parents, bla bla, what you're otherwise investing in, your experience in investments, your plans for the next 5, 10 or 15 years, and on and on and on.I will say that for anyone, it's hard to get it exactly right.This means that for most people, you will err to the conservative (not enough leverage) or err to the aggresive.

If their parents owned it and the kids know it hasn't been updated, then they know it needs work and may just be happy to have it sold without having to fix it up.

Apparently the owner passed away in a foreign country and his parents who live in Australia, I heard it is in probate but it is also being foreclosed.

Some good reasons for the need to move include: need more space (expecting a child or elderly parent moving in), need to relocate for job, lease ended, house they are in had a disaster event strike (fire, hurricane like Sandy).I just filled a vacancy during November with somebody who was moving due to house they were in had a break-in.Just about anything else for a reason to move is suspect.But you will get some on BP who will only do month-to-month.

They must all be executed by the trustee and no transactions with parents, grandparents, or children; brothers and sisters are OK though.At least that's what my CPA tells me.