My guess is it will be pretty difficult to engage in either plan, but you'll need to confirm that with a lender and agent, and then ultimately your parents.

This can be a great strategy design on the price, location type and condition of the property.

The other thing was in TCJA qualified leasehold improvement was supposed to be designated as 15 year property and basically they forgot to put the wording in. 

My current asset allocations are:Retirement Accounts: 32%Brokerage Account: 23%Alternative Investments: 7%Hard Asset Investments: 38%This was not by design, this was just how it ended up.

.• The Mortgagee confirms Borrower income is equal to or greater thanit was prior to the Disaster using a recent pay stub for income, W-2,bank statement or other documentation reflecting the amount ofincome.• As an alternative to providing income documentation, the Borrowercan complete a three month Trial Payment Plan (TPP), which willconfirm that their income has returned to pre-disaster levels.

Florida's Governor has designated real estate as an essential service; we are required to maintain safe distancing and other CDC guidelines. 

.): "The agencies have confirmed with staff of the Financial Accounting Standards Board (FASB) that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not troubled debt restructuring."

I believe they may limit it to 3 or 4 unrelated people under one roof which I think is a state law but I would call the city zoning office to confirm.

Exceptions are made for healthcare facility construction directly related to the COVID-19 response; affordable housing; public works projects when designated as essential by the lead governmental agency; shelters and temporary housing; projects necessary to provide critical services to certain vulnerable individuals; construction necessary to secure an existing construction site; and limited essential residential or business repairs.- Individuals may move residences only if it is not possible to wait until the Order expires, such as if a move is already planned or if it is necessary for safety or habitability.Direct link to summary of changes:https://cchealth.org/coronavirus/pdf/2020-0331-Summary-Superseding-Order-Changes.pdf

I guess they could implement some type of emergency funding but there's also shortage of homes that are designated for section 8 renters.