Consider options like Joint Tenants with Right of Survivorship (JTWROS), which allows automatic inheritance but no removal of a living owner, Tenants in Common (TIC) with share flexibility but potential non-family inheritors, or a Lady Bird Deed (life estate deed) for your parents' lifetime usage and automatic transfer to you upon their passing, offering both flexibility and long-term security.

Consider reaching out to experienced investors who may be open to joint ventures, where you contribute sweat equity in exchange for a share of profits and learning the ropes.

Also absolutely agree with @Kerry Noble Jr about joint venture as soon as I have a truly motivated seller I will be reaching out to the network I am currently building to help guide me through the deal for a share of the profit.

Be careful with informal joint venture and partnership structures. 

I'd use my $125k + hard money (home purchase and renovations) OR use my $125k + Joint Venture partner (home purchase and renovations).

The building has been tested for asbestos, and it was found to exist in the joint compound, not in the drywall itself.   

Purchase price: $93,000 Cash invested: $100 Sale price: $100,000 I worked with two sellers who jointly owned a 4 bed/2 bath duplex in the town of Elsmere.

Your only joint is the corners, which silicone caulk handles nicely. 

Drywall, joint compound, pipe insulation, siding, floor tiles, floor adhesive, fire wall panels - that's just a few places where it was used.

The most common materials containing asbestos are stucco, tar paper (roofing felt), roll roofing, plastic roof cement (at joints between roofing and other materials and at penetrations), window putty, asbestos-cement siding, asbestos cement flues, pipes, and roofing, drywall joint compound, sheet vinyl flooring, acoustic ceiling texture, vinyl floor tile, floor tile mastic, mirror mastic, HVAC ducts made of corrugated asbestos covered with aluminum on the inside and outside, corrugated insulation for use over metal ducts, pipe insulation, boiler and tank insulation, structural steel fireproofing, light fixture insulation, gaskets, paper duct insulation, and appliance wiring.