There are too many parties and too many factors for this to be a simple situation.However - I highly encourage you to rethink your financial arrangement with your parents.

@Dawn Anastasi and @Joshua Dorkin thanks for the encouragement.

In the CL post, she includes a description of the unit and encourages visitors to bring the required documentation with them to the open house to expedite their application (pay stubs, copy of license, etc.)

I must say that this site has really encouraged me to begin investing in real estate and has provided guidance in building my wholesaling business and I am really looking forward to meeting great people and sharing my experience with everyone on BP!

I am also a licensed RE agent and a member of my local board so I have MLS access.I have grown terribly risk averse though and may need some encouragement.

I am happy to see that decency and honesty are encouraged on this site!

I'm working on my second wholesale deal (with more to follow) and encourage you to dig into the Wholesale Forum threads for some amazing information.

Thanks everyone for the hearty welcome and nudging encouragement.

My Real Estate agent has been encouraging me to go to investor meetings for 10 years, and I keep thinking I will.

I'm not handy enough nor do I have the time to do things on my own, so I won't really have a choice, but there are 2 main arguments I see against being hands on:1) Holding costs-- yes you might save on labor costs, but if it takes you much longer to be able to sell or get a tenant in place, those savings might evaporate.2) Opportunity costs-- if you're spending all your time doing the rehab, you aren't searching for more deals.