In return, they would theoretically agree to sell us the house when they're ready.Mom & sons continue to live there until they decide to sell (likely soon to pay for college) or until the divorce forces the sale.Once they are ready to sell, we buy it at a discount & flip it.Alternatively, maybe we buy out the husband's equity in exchange for part ownership in the property, then buy out the wife's portion when they are ready to move. 

If you paid for the placement, I'd try getting a portion back based on the fact they didn't properly screen.

I'll also mention my financial planning thus far has set me down the path of having an emergency fund (~6 months expenses), vehicle repair fund, vacation fund and even general savings fund, all of which a portion of my biweekly paychecks direct deposit into.This probably all comes down to personal preference but I guess my main question is this.

From there the long term capital gain portion flows to Schedule D.

Below is a portion of text from NCGS 1A-1 Rule 4:"...Upon the filing of the complaint, summons shall be issued forthwith, and in any event within five days.

You are REQUIRED to provide an accounting of how you spent ANY portion of the security deposit.

By the end of the labor portion, I am usually ready to burn down the house... mostly kidding.The only thing that helps is time.

BTW, I knew a couple who bought a neighborhood church once to live in and transformed a portion of it into a wedding venue since it was in such a beautiful location.   

I *think* that due to the slow pay-down of the 30 year amortization the unpaid portion would get 'stepped up basis' (no tax) in the future at the time of your parents  passing.

I have obtained a large portion of my portfolio by simply "checking in" with landlords/RE investors from time to time.