In our previous example of $4k net monthly income the disbursement would be as follows: $4,000 Net income$1388 principal loan repayment to majority partner $1305 (50% of $2612) to majority partner$652 (25% of $1305) to each minority partnerAs your parents, they might not require or care about the same rate of return, or a return at all (except the equity position) especially if they're planning on utilizing the property for personal time.

If they owed $200k they’d still have to personally buy at least $500k.

Hi Kenny-Great question about whether you should put a house you plan to live in and rent out parts to others in an LLC.Certainly putting it in an LLC would help with asset protection and limiting personal liability.However, you may lose the ability to claim the part of the house you live in as homesteaded tax rather than the higher non-homestead investment property tax for the entire property in an LLC.

With so many resources available, 100% financing programs, down payment assistance programs, urban development programs, places where sellers are begging you to buy their homes, and platforms like this for free training and guidance why do so many people who want to get in REI fail to actually get their first home under contract. 

Asset Protection:While owning properties in your own names may have tax advantages, it does expose you to personal liability.

Even if your error was one that made the lease ambiguous, most states have laws that favor the party that did NOT write the contract (lease).Since your error was not even ambiguous, I don't see how you could fight it.

@Zhen Yuango look in person. 

Personally, I've been in the mobile home investing space since 2007 without going the section 8 route.

@Victor Valencia standard contracts in our area have terms stating that it’s being sold with access to public road, and hopefully your title insurance will be an easy process.

I am now approaching 115+ days since assignment on my first 3 deals and because I am in NYS, my attorney tells me that I cannot even speak to buyer’s or seller’s attorneys due to “breach of contract”.I lost my first deal in fact because we were hindering on 130 days since assignment (should have been long closed) and the city decided to demo before we closed and were able to takeover in court.