Purchasing with cash gives you much more flexibility and speed in purchasing.

This is why they aren't able to ever match the speed and accuracy of the MLS, they're always depending on the MLS to provide the data first, and then only checking back every so often.

Great Speed LOL!

Well, if you all don't like my points of view (hehehe) wait till you hear this angle.One of the fastest ways to get your tail in a sling and go to jail in real estate is duping some elderly person.

And ultimately whatever Mom and Dad get will end up back with us at some point.That being said with an in-law I would have it drawn up, not because you can't work things out on your own, but there is more of a likelihood of hitting a financial speed bump and needing to have come to an agreement on how it will be dealt with before your emotions got involved and might change someone's perspective down the road.Also every deal that I do that is partnered I go into with the understanding that I will walk away to preserve our relationship, and I am ok with it not being the best financial decision for me personally.If my sister or I were married I would also draw one up prior to doing anything with her.

Who is going to close the fastest with the least contingencies?

Even if they could their participation would be non-optimal in the absence of debt.High leverage is like speed.

Their thinking is that this person may have a pattern of reckless, irresponsible behavior if they have a lot of speeding tickets.

I liken it to speeding.

God speed!