How much are you qualified to borrow and what will your monthly costs be for mortgage, insurance, taxes???

For almost any kind of permanent rental/investment property financing (whether Conventional, DSCR, or local bank), you are going to need a decent credit score to qualify.

I've never heard the 25% thing before, but any difference between FMV and sales price would technically be considered a "gift" with potential tax implications for your parents.You can avoid most seller costs as there's no reason to use agents in this case.As an FYI: I always recommend avoiding a FHA loan, if you qualify for a low-down payment conventional loan.

Talk to a qualified agent in the area and see what you can get for rent and how long it would take it to rent it out.

Are these loans that I could get pre-qualified for?

It must also be executed and acknowledged with the same formality as a property deed.So what got me to thinking about starting this thread is that all of my children are single, but I am thinking about helping them get started in their own business prior to them getting married.What I don’t want to see happen is someone marry them and then kick them to the curb and then want half of everything they worked for or I help them with.

Does anybody know if a bank will qualify a sponsor that has the net worth but does not have a schedule of real estate? 

@Julian Martinez The good thing about your position is that if you decided to sell the property you can qualify for the 121 exclusion, and qualify for a 1031 exchange.

Also Solo 401k is exempt from that tax if you qualify instead of using SDIRA.  

I recently read people making up to 117k a year can qualify for public assistance in SF.