That is a big source of personal conflict right now.

If you buy the home off them directly, you can cut out the middle man (no agent) save on sales costs and then create another source of income for your family while moving your parents closer to the family.

It might be wise to do couple flips while you still have a job, the advantages of that is you still have the source of income and could qualify for conventional financing if needed.Now regarding your questions:1.

I have been listening to all the BP Podcasts and learning a ton from them, and other sources too.  

And I hear you, I am slowly trying make my rental into my main source of income.Yeah, this is tricky.

As soon as it was payed down, I could turn around and use it again; even though the money to pay it down came as a large sum from an outside account.Though, as things turned out, I ended up getting a commercial loan instead, so the lender was not picky about where the source of funds came from.

Or since you both have other sources of income, you can always save this money and use it for down payments, marketing materials, etc.

And seeing as you can afford to pay him half for his past deal/s, I would recommend that before you do, look at them very closely before deciding that they're better than YOU might be able to source yourself.

As I mentioned, I would also like to be a source for those with construction/contractor questions.

Ok here's what I'm trying to do:I used list source to create a list for 4-20 unit buildings in my desired neighborhoods.