What downpayment were you prepared to put down?

If you are going to set rules, limits, etc, then you had better be prepared to enforce them.

It is amazing how quickly large cap ex can crush you if you are not prepared,  I have replaced 1 roof, 3 furnaces, and 2 central airs in 2019 and none of them were planned on.  

Now you need to start preparing for marketing, showing, screening software and processes, selecting a tenant, Fair Housing, emotional support animals, collecting a deposit, disparate impact, local and state housing laws, Section 8, your lease agreement, late rent, unpaid rent, partial rent, bounced checks, etc.No worries!

I have an out of the box idea, its an approach to financing flips/rentals while creating passive income. Still working out the details.Collateral assignment of life insurance has been around for a while, where a bank...

This option streamlines many things down the road for me.With an LLC and just starting, be prepared to jump through a lot of hoops and to personally guarantee the loans with any lenders.

As for what you can do going forward, there is not much legally, but you can be creative to subtly highlight things that parents might view as negatives. 

So here are my options that I'm aware of and am hoping someone knows of any other creative ways to structure it.1)  I close with the seller and wait 90 days to season the title for the end buyers FHA loan. 2)  I sell the contract, however, this will expose my spread and am afraid the end buyer and/or seller will want to cut me out and deal direct.The county has the house appraised at $300,000. 

I always knew I wanted to do big Multifamily deals and thought to myself I needed to start with single family properties to prepare me!

He's creative when he needs to be and doesn't let small hiccups get in the way of closing on time.