However, this requires careful legal handling.Other options:Reverse Mortgage: If your parents are over 62 and the home is their primary residence, a reverse mortgage might be an option to access equity without monthly payments.Home Equity Loan or HELOC: If you have significant equity, consider a home equity loan or HELOC to cover your parents’ rental expenses, then repay it over time.The Good: Co-ownership can provide financial relief and shared responsibilities.

This gives you a lot of options. 

Even if someone has great credit, finances, and references, they can still turn out to be problematic.

I have concerns over a tenant prospect and I consider ending a lease and easier option than evicting.

Mind you, they were offering seller financing.

Feel free to reach out to me if you have any questions or want to talk financing!

. - Purchase Price $38,450-Full Rehab $75k (roof, interior/exterior paint, new kitchen, new bath, new floor, new appliance)- Add full bath $25k (88 sq ft) is the option/decisionAs far as cash flow, here is are the two options....- 3/1 would be...

I am fully educated on what's public online/and how to access that easily, and I'm looking around for subscription/pay options that offer more "actual raw data" (on deeds, history, leins and public records) than the county sites, basically.Research--for anything I identify as potentially interesting.

I hold a tight reign on the funds only paying when the purchase needs to happen (Look for financing for certain items if you need it).You should talk to your chosen designer about the budget for the project . 

Jason,Springfield has some great properties available for cash flow and options for 2 family duplex/stackers.