They were focused and had wealthy parents, because it's very expensive for them to go to school here.

I'm in the market for an investment property to place my parents in for the long haul.

We have this on a one page sheet and the buyer signs it.The seller must send an Auth to Release Info to the mtg company so the buyer can verify the house payments are current.The seller must report to the buyer when the mtg payments were made.You can either have the seller e-mail the buyer each month, or use a servicing company or I've had owners create unique logins to their mtg info online and the buyer can check 24/7.There are other small things, such as not withholding a rent credit for a late payment, but that all makes sense.Keep in mind...the law specifically states that ONLY SPECIFIC ITEMS OF THE PROPERTY CODE RELATE TO A LEASE OPTION.Also, the seller must have fee simple title, which is no big deal as that is how we hold title in TX, but you can't (per the law) do a SLO.

Hi all,I have my first lead on what seems like a cosmetic fixer upper in a lower/moderate income neighborhood and I could use some advice on how to structure it.4/1.5 Brick split level (1 bedroom and the 0.5 bath are in partially finished basement) 969 sqft No garage – fenced lotRepairs Best Guess (8-10k): I'm going to see it tomorrow, but seller states it needs tuck-pointing, floors, paint, drywall repairs.Seller asking 70k, May consider renting it. 2 brothers selling. 1 living in it who needs some cash due to financial problems (I will ask tomorrow how much cash he needs).Free and Clear, but is still in the names of deceased parents.

I'd base your decision of full time real estate on 1) your current debt (student loans etc) 2) ambition - ability to "work on your own" and 3)whether you're living on your own or with your parents.

Luckily the parents took him to the doctor, then home.

In fact I pass your area anytime we go visit my parents.  

Dear HOA forum readers,We have lost all control of our park, have put up private park signs, fences, spoke with kids, and their parents who tresspass.

I don't have a job and I'm a part time care taker for an ailing parent.

SO, My parents own 12 acres of undeveloped property that is zoned for single family dwellings.