My parents who are in the young 60's getting ready to retire want to pay everything off!

We are parents of three boys and if there was no fence I just might have lost a child or 3.

My parents own multiple investment properties in NYC and being their oldest son I have always helped them manage them so I have some experience being a landlord.

You'll have to shakeout the exact numbers in your area.A couple things I learned from my time owning student housing:Always get the parents to co-sign AND explain what the damage deposit is for.Always get the largest damage deposit your state allows.Be visible at your properties.

HelloI am talking to the owner of a property that said that they inherited it from their deceased parents.

HelloI am talking to the owner of a property that said that they inherited it from their deceased parents.

How would you feel if your elderly parents or grandparents were in this situation?

I'm planning on making my first real estate purchase with my parents and we're targeting a single family value-add home in the upper middle class town that I grew up in and that my parents still live in in the East Bay.We're going to be purchasing the target property all cash, making some improvements and then subsequently putting traditional financing in place and hold the asset for the long term.

plumbing, I remember growing up and my parents rented the upstairs unit and it was plumbing then and it is plumbing now.

My parents did this and the guy cuts it for $15 less than the neighbors...laughs on them and also ended up getting a few more neighbors onboard too.