My question involves real estate located in the State of Louisiana.I am talking to a man who wife passed away.

(I bet you think I'm going to tell you to sell it).You're an Investor. 

Since they are your parents and there are estate issues involved you may have some solutions available that would keep the bank from calling the loan due.

It varies by HOA but most that I have been involved with do not allow anyone but Board Members to attend regular meetings.

." - solve that without involving a C-corp.And if I'm not mistaken, if you buy in a land trust with an LLC as designated beneficiary, you can change that without changing title.You need specialized advice, both from lawyers and CPAs.

Your best bet for buying with some equity is either through a reputable wholesaler or good negotiating via the MLS.

The rent-to-own option seems far too complex, involving 3 parties to depend on each other with seemingly a lot of liabilities (namely that the bank could call the loan).

I would bet you’ll be lucky to get 100 bucks a door realistically when all the corrections are made and it’s running .

Purchase price: $152,000 Cash invested: $12,000 Huge fixer upper with lots of budgeting involved in the rehab.

Unlikely a PM will want to get involved just to evict someone and in most states they can't legally represent you in court even if they wanted to.