I currently live at home with my parents in and throw 60% of my income towards my student loans (will be done with them by Jan. 2021), and put the rest of it into a money market account that will eventually grow into a down payment for a house hack.

The PTFA defines a "bona fide" tenant as a person in possession of the property provided: - The occupant is not the mortgagor or the child, spouse or parent of the mortgagor;- The lease or tenancy was the result of an arm's-length transaction; and- The lease or tenancy requires the receipt of rent that is not substantially less than fair market rent for the property, or the unit's rent is reduced or subsidized due to a federal, state or local subsidy (i.e.

Im the director/ founder of Veteran Foundation Echo , and no its not BS, if the land can be developed, then the $15k over value is justifiable, our foundation has recieved land donations, 68 acres in California, our foundation has more land donations to be considered in Florida, legally $15k over asking price for land that can be developed is legally justifiable as well as the limit in the state of Florida. 

I've convinced my parents to be my private money lenders in the deal at 10% interest, but as this is my first BRRRR, I'm not sure how to "structure" the deal.

In 2017, my wife and I moved back to Houston to be near our parents and start a family.

If you want deduction, you have to donate the property.Or if you want to deduct the use of the property, it can be set up via trust.

I actually currently live with my parents still but pay them rent each month, though it is far less than if I were living on my own. 

If a parent LLC owns the child LLC (the LLC that had the refinance) could the cash from the refinance roll up into the parent LLC and then be used in another child LLC?

Tell the parents of those kids!!

Can some please help me understand what is the best way to purchase my parent's home?