I did the numbers and if we lived in it for say a year it would cost at most $200 more than our rent which is around the corner but in mu parents 3 family.

They almost always have the parents co-sign so they have someone to collect from if issues do arise.

However, they have to withhold the extra two months' rent and transfer when the months come.

My parents were landlords when I was growing up, so I've got lots of painting and cleaning experience.

I am 23 years old and have been a lurker on the site for about a year and a half now, but have never done the official New Member Introduction so I figured why not start now.I live and work in Philadelphia but will invest in Atlanta (specifically Lithonia, Stone Mountain, and Snellville) since my parents are in the area.

My aim is to buy it via FHA loan and will probably be my first investment property.My parents deeded the single family house that my family currently owns to my brother and I.

My parents are retired and would just like to receive the payments.

My parents own company that have 200+ employees and I know how that kind of company is being operated.

He suggested maybe taking my investment plan to my parents and asking for a co-sign on an FHA loan.

If I withhold some of the money, I then take it out of their deposit and send them a check for the rest.If they were the cause of the problem (e.g., hanging objects from a water line or flushing diapers down the sewer) you should bill them for the repairs.