Purchase price: $290,000 Cash invested: $60,000 Single family residence in an extremely fast growing community.

Seems like he might be intentionally skirting licensing/insurance requirements to me.

Even if your mother approves using some equity from your home as a down payment for a second property, you will still need to qualify for the remaining amount needed for the purchase.

Saying that, we are only interested in buy-and-hold investments that offer positive cash flow upon purchase and some minor non-structural reno's. 

Hi Amanuel,This depends on your strategy but if you are looking to purchase and rehab to add-value before either (i) flipping or (ii) refinancing, you can likely find a product for 15-20% down, perhaps 10% if you're creating enough value.

What is the purchase price? 

Especially the purchase agreement.

I didn't realize so many various contingencies can be included as part of a house purchase, Geeeezzz!

I finally saved up enough capital to purchase a decent town home or condo in Las Vegas.  

Purchase price: $662,000 Cash invested: $30,000 Triplex in Fort Meyers Florida!