Be up front with them about the issues and see if you can make a deal.

You also might run into issues finding anyone to do a closed end with less than $100k in equity. 

I was wondering about some issues to look out for in older home areas.

So the windows would be much less with this option.Just not sure if there is advantage in going with first option since I will have renters and any issues with windows are covered under warranty,Thanks for feedback.April in Georgia

As long as you're doing longterm leases and you vett tenants well, HOA shouldn't be an issue.

So, also yes, affordability is a real issue for a lot of people. 

Every time I rent to individuals less than that there are delinquent payment issues.

The whole Lady bird/FHA thing can have some hiccups and going FHA for your parent’s home will cause issues with you getting the next FHA home.Instead do a gift of Equity going Fannie Mae 5% down (use the gift of equity) to cover and for any closing costs.

Is one on the side of a small town headed towards a larger metro area, pick the one on the side of town headed to a metro area. 

But as the properties get larger that smaller percentage = a much larger monthly income than the smaller properties where I have a larger percentage ownership.