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Are there specific networking events or forums within the BiggerPockets community that you recommend?

@Miki SheinaizenI recommend finding local meetups to attend. https://www.biggerpockets.com/forums/521I have found all of my best connections at local meetups.For your BRRRR strategy, partnering with a local property manager and connecting with contractors early on can help streamline your rehab process, especially if you’re not local.

There are a couple of local meetups/events I know about but I'm still learning.

A while back, I attended one in San Diego County.

A few recommendations - learn as much as you can from books, podcasts, and attending free or low-cost real estate investor meetups in your area (in-person is best).

Hello, I have purchased 4 different asset manager lists over the past two years, but three were ineffective with outdated information and many email bounce-backs or returned mail.The best list I found was at RealEstateTargetdotcom; I did a successful snail mail and email campaign, and picked up three new banks and an account with LPS.I also cross referenced names on the list to see who was attending or speaking at various REO conferences, and made efforts to meet asset managers in person.

I'll be flying out later this week to see some properties and to network at a local RE event. 

Cons are the liquidity event that your parents will have to do to purchase the home (I assume the funds are in some sort of investment today so there's likely some tax ramifications on cashing those securities).

If you don't want to make so serious money than don't,  take these chances and keep reading the books and attending the RE meetings .Get a great agent and investor savvy contractor and make $50,000 fast!