They have over 5 properties and over 4 mill in equity but there older and English isn't to great so at this point I want to figure the most logical decision on how to deal with the tenant and nothing else

I use $25,000 or less to buy a $225,000 house for say, $200,000 (so I have built in equity) taking over the existing mortgage with PITI of $1200.

Also, $35k in equity remaining after a $65K rehab is very skinny.

Here, maybe this will be interesting/helpful to you - I am currently working on doing this right now with my own property, which happens to have a nearly identical loan amount as yours, and there is $50,000 in equity I could refi out.

Adding you to the deed becomes a gift in equity and can cause your parents to pay gift tax (there are annual and lifetime limits).

I believe if you sell to them at significantly less than market value, there is a way to consider it a "gift" of equity. so instead of giving them cash, you would give them $60k in equity and they would then have to get a mortgage for $40k...assuming a $100k purchase price.This may be something to look into.

But $15,000 in equity is not too shabby after the rehab.

We are up 30% in Equity already based on similar sales and earning 16% Levered Return on our money down.

Below are the facts, I'm not sure how to structure this dealOwner is asking $210,000He has $70,000 in equity and is willing to hold a note for the full amount over 5 years.

You made an awesome move buying in 2012 and also in Dogpatch, which is why you have almost $500k in equity in such a sort time span.