New here and getting my feet wet in the learning stages of real estate investing. I’d like to get some recommendations from those more seasoned. We have around $200k in home equity and are about to begin the hunt for ...

Mine happen to be Mexican, and they can prove identity via Mexican government issued "matricula consular" (forget exact spelling).. they look like drivers licenses sort of.

If the property is reallllly distressed I'd throw it out the window. 

@Kevin Romines Is there a window of up to 90 days to close on delayed financing? 

I guess let's forget they are my parents for a second.

Plus don't forget you get to write off mortgage interest on the home. 

or it's better to forget about the house?

Leave your contact number and try to check back regularly so they don't forget about you.

I am attracted to this strategy because even though it likely cashflow less than rentals in the short term it would essentially allow me to close one property, get a decent cash flow/downpayment and forget about it putting all my effort into finding the next deal as the bank not the landlord.and here is the law:https://apps.legislature.ky.go...

With past construction experience (particularly with windows and doors) I do the rehabs myself, subbing out plumbing, electrical, HVAC, etc.