Separate entries and all utilities are separated.On paper is actually still listed as a single family home (on paper meaning the listing). 

I would have been better off sub ing work out and getting it done in 6-8 weeks instead of 16 weeks.I had to put 20% down, but moving forward I would like to put less in the deal, and I will utilize a lender that finances the rehab costs as well.

I self manage and its a great way to show tenants you are serious and they should be using tech like they do with the utilities, etc. 

Toilet should move to the shower outlet position, sink should shrink down to a 16-inch vanity, or even better, a wall-mounted faucet and a vessel sink on a pretty little custom vanity.The key here is to convince the buyer that "it's small but it's NICE."

In the end you'll likely save more from the utilities than you lose from lowering rent.

However, let me ask you this...do your customers typically shop around for lenders? 

Then I will be able to utilize that money again for another property. also, I know it can be very difficult to get a HELOC out of an investment property.

The question is, is there any way to take over my parents mortgage, while still somehow utilizing the Gift of Equity and turning it into an investment property? 

There are some electric wires going through a few trees to the utility pole on the street.

My husband and I have been custom homebuilders in the Wenatchee valley and surrounding areas for the past 15 years.