The scenario you are considering probably wouldn't work, because at the age your parents are, in reality, they probably won't be capable of living independently for that many more years, then, their equity will be spent, and they may not have the means for paying for assisted living, etc.Maybe you could move in with your parents, and help improve the house while you're living there.

To clarify: Is the S-Corp the borrower?

I would be very grateful for any assistance or tips I can get!

At a hundred thousand, borrowing 80K your acquiring one every 5 months, all going to the down.

I guess I'm looking for all the steps you would take when buying the house yourself without the assistance of a real estate agent or the bank.

That was a fun call.Getting private investors in CA for US deals was a fun idea.Syndication books are avail on amazon, as well as SD IRAs.A good limited partnership attorney will assist you in the structure in CA.

I did have some of that short sale trouble when I bought my home - mostly from the seller.I was left hanging at the first scheduled closing (which took months to get to) because the seller realized at the last minute he would have a tax liability for the difference between what he borrowed and what he repaid (-$130,000 ouch).

With that said, I have no problem working with most land contracts without converting them to notes and mortgages as long as the borrowers have some REAL equity, decent credit and your terms and documents are structured correctly.

Origination also includes the underwriting of the borrower, setting loan terms and now, certifying the note was originated under a license, mortgage or law.

I imagine once you own a significant number of properties it becomes a logistical issue for 1 or 2 people, and will require you to bring in an assistant.