There are many others that can be found through a web search or on Meetup.com.These are a good place to meet other local investors and vendors.Good Luck!

I have always been interested in real estate investing, but the security of full time employment & raising my family took priority.

The Mortgage (or deed of trust in some states) is the legal instrument which secures the property as collateral for the loan.It is important to think of it in those terms as they have two different purposes.

And what are the best things to look for to buy a house under market value to secure equity?

Since the security deposit would be paid to both Parent and Child, and the parent is just staying - what kind of special language do I use to say that the security deposit is being transferred to new lease - but in addition when it is returned it will be made payable to "parent AND child" since they both submitted it?

In the lending scenario, are they getting a trust deed and promissory note as security or just a promissory note?

BUYER will waive the termite inspection and accept the DWELLING in “as is” condition.SELLER warrants there are no unpaid utility assessments or undisclosed debts or liens, recorded or unrecorded, secured by the DWELLING and property being purchased.SELLER shall remove all personal items, furniture, food or other items that are not part of the real estate within seven (7) days after acceptance of this offer.

So I am assuming these properties are not in distress (foreclosure, REO, short sale), so what would be the motivation of selling a property in the web site (or what would be a buyer's motivation to buy such a property instead of just buying a non-auction property which can be inspected)? 

@Dave Foster is an expert in this.Once you have a 1031 exchange planned out, work with a good mortgage banker to analyse the scenario and make sure your funding for the next property is secure.

I hope they can leave as early as they can, but I need to keep their security deposit to fix the damage they caused to my house.