I have an 8 unit townhouse building,  its beachfront on Lake Erie, very unique property. 

They are retired and on Social Security, so I do not want them to be responsible for a mortgage payment.I'm looking for a strategy that will allow me to combine the need to get my parents in a new living space where they do not have to pay much on a mortgage with my desire to invest in St.

Combined with the free TV, they decided to stay.

Are you a Realtor looking to buy or buyer or combination of a Realtor Buyer?

I would feel less comfortable combining rehab with financing - especially hard money.

Create something unique and useful.

Sant SobhrajIt really depends where in Newark you are buying as that is unique market in its own right.Just a couple points of concern:Expenses are only 25% of gross income.

Reviewing my own criteria, I guess I would have to say I use a combination of Aaron & Nathan's method.

If you convert it to a rental then you are going to be required to depreciate the property which will be required to be recaptured.After the 3rd year of the property not being your principal residence you completely lose the "home sale exclusion(Section 121)" unless you live in the return for a combined 2 years.

., to get a DECENT feel for what a deal looks like, what one can sell for, and when to pass...Obviously all homes are unique, some require more repairs than others, I understand that much.