In my humble opinion, (after spending the last 8+yrs “managing” /co-financing my parents’ home and then their rentals) I highly recommend helping your parents sell their house & enjoying your non-business relationship with your parents while you’re still able.           

After the rehab, I want to rent out the property and put conventional money on it, I assume the bank I get the new loan from would look at my debt to income ratio correct?

I also require tenants to direct deposit through payroll deduction or going to my bank and physically depositing rent...no alternatives.

I have a small local bank that I have been using for 4 years.

Listen to the @Gino Barbaro podcasts, they say go for it "Lean into" deals, but you gotta have cash to get the wheels moving with the bank, then once you have the "relationship", you can do lots of things.

I thought pulling 100k in bank mortgage to use cash for other investments, pay them a percentage for the usage and would still have approximately 700$ monthly payment on 20yrs 5.5%.

Yes, she is in her mid-40s, a grandmother, a waitress at a local restaurant that I won't be enjoying for a while, and she's driving a vehicle that is 12 years newer than mine.David Moore has been asking me for examples of how Property Managers add value.

These include bank accounts, stocks, bonds, mutual funds, and so on.

I make my monthly payments to another bank.

@Frankie White this is not a good BRRR property.... the most a bank will finance, based on your ARV, is $168k, so you wont recoup any of your investment to "repeat".