People in these distressed situations can generally not get what they need from an agent, and therefore don't even try.No matter what the market does, there will always be burnt out land lords, people moving next week, folks who inherited a house they don't want, parents looking to pay their kids tuition....they're out there..... in a neighborhood near you!

I've done a few investment deals with my parents, and while it generally works out well, it also creates some problems (like my siblings tend to think my Dad is just giving me money and he should give them money as well.)

I am currently living in my parents old house while I rehab it and clear it out.

My parents have a house down there and I think it would be a great investment to have later down the road.

And that he had calls after every parents weekend with complaints.

Their parents will like the idea.

Putting liability issues aside, you and your parent clients may think you are performing a "service" (for profit btw) but those six cars that pick up and drop off the kids twice a day were not and are not part of what the HOA negotiated with the county regarding traffic and access.

Our GC could have lost his license and being that our house is located near a school, every parent that has a child in the vicinity could have sued us!

My parents have equity in a property of which drawing $200k on the HELOC in no way risks their livelihood.

But I was co-signing with my parents and that's why I wasn't able to get that loan.