Ultimately, the lender must approve the assumption of the loan.Hope this helps you.Jeff Dulla

With a private investor, the timing of the payment can influence their ultimate returns.

Kevin Raye buy & hold is ultimately where you want to be, but there's a right time for each strategy.

Glad to have you on here.Advice for this site...1) Set up keywords for your area and interests so that you're notified when they're used and then start interacting.2) Read through  The Ultimate Beginner's Guide3) Go through applicable blogs and podcasts as there are a lot of great resourcesAdvice for REI...1) Pick a strategy and study up on what you need to know/do for the 1st step and then do it, then repeat for all following steps until you have completed your first investment then repeat the process and keep learning.

The ultimate goal is for this property to be the corner stone in the three sibling's portfolio for future investments.

Yup it's all in the planning and ultimately how you can work it out with your parents.Good luck 

I was hoping to use the additional income from the rental property to ultimately finance another rental property in the next couple of years.

Be sure you can cash flow to survive any upcoming market down cycles.

For starters, I was planning on utilizing sites like ListSource.com and using direct mail per what had been mentioned on the ultimate beginner’s guide on this site.

Are you trying to increase your ROE (return on equity) and ultimately increase your total return from your investments?