I use rent2own when I own the house and Seller financing when I want to buy the house.RENT TO OWN- generally 2 contracts- 1 is a lease and the second a purchase or option agreement to purchase the house within a certain period of time.1. you dont get a deed or a ownership position on the house. 2. you pay rent instead of mortgage. most states do not allow rental credit towards the sales price.3.

They're mostly row homes and apartment buildings that have the condominium form of ownership, but not your typical condo development you're used to seeing.

Only change of ownership will change.  

For building long-term wealth it's tough to compete with rental property ownership.

The change in ownership most likely does not affect the terms of their lease, and you may need to familiarize yourself with PA's landlord-tenant laws: https://www.thelpa.com/PA_landlord_tenant_act.pdf

When a rental transfers ownership in Sacramento, does the city come in and re-inspect it automatically or I have to call it in?

@James Sreewarom I am not a CPA, but depending on how your parents held title/ownership to the property you would be able to "step up the basis" upon the death.

If you plan to hold these assets for 5+ years, direct ownership is the better way to go.

How do you get into ownership without 20% down?

Don't let their agreement cloud the repurchase agreement, they are still responsible for compliance during their ownership and back to the origination of the loan.