Not sure I understand these types of loans. 

@Tucket Long To my understanding, separate websites are always a better option to manage for SEO purposes too.

In Texas, I'm given to understand that they have non-refundable "options" instead of earnest money deposits.

Any recommendation for a lender that works with investors, understands their needs and can use rental income to improve DTI ratio?

They will give you some foundational information to get you started understanding the business.Jim.

The rate quoted is not dependent upon your credit score, we just need to understand why the score is at that range and has it been improving.Any improvements to the property would need to be paid for with your cash.As we have discussed before, I think you should start with a flip property, maybe even a couple so that you can build up your cash and then use a portion of the cash as collateral for a larger line of credit.

If I am understanding you correctly, you and your brother are going to give your parents the down payment, but the multi-family building will be in their name, right? 

Learning the hotel business, management, operations, food and beverage, etc will help you understand what a current owner is doing poorly and what you can do better.

Good point and understand it's the future-worth that counts.A little more background, this landlord isn't exactly the lavish developer type.

The key is understanding that you are chasing equity and know the ins and outs of both the probate and foreclosure process.