Each evening I drive by the 4 local motel/hotels and count the cars. 

To qualify we would have to reduce the debt remaining on one of our cars by 9k immediately.For FHA, our out of pocket cost (including down payment, lender credit, closing costs) would be about $66.3k at 3.25% interest.For homepossible, our out of pocket cost (including down payment, lender credit, closing costs and lump car payment) would be about $77.5 at 3.125% interest.The FHA doesn’t look so bad but because of the upfront 10k mortgage premium, we calculated that home possible would save us about $13.5k over those 2 years (calculations include monthly mortgage insurance payments and the 10k MIP).

It looks like PA is on top of their Corona and he says he is getting bookings from locals or people coming by car.

That's great that your parents are willing to help and that you're bold enough to start now while your peers are busy dreaming about cars, sex, or video games.

If you own a property or car free and clear you are able to have your relative write a note and you can get utilize the debt in that case. $50k is a lot to come up with so a car might not do it. 

Purchase price: $153,000 Cash invested: $42,000 Three bedroom two bath single story one car garage What made you interested in investing in this type of deal?

Do the homes in the area look clean and tidy, or neglected with cars on blocks out front and etc...Good Luck! 

I know in some States they have laws for car sales as well.

Lucky I didn't get in a car accident on the way to work today or wake up with an incurable terminal illness...Don't kid yourself, a lot of us have worked very hard but have also been very lucky and blessed along the way. 

I can afford to buy a Lamborghini paid in cash, you drive a beater car and make $9 an hour and can only live in a house if you have room mates.