My parents want to help us pay for it and we pay them back on interest.

It was $125k gross, and I used a lot of it to pay off debt.

My parents want to help us pay for it and we pay them back on interest.

I would much rather pay tax on just the interest income rather than on a distribution of that amount, that I've already previously paid income tax on.But, when getting funding for deals, from either hard money lenders or other lenders, will having that loan on the books create a roadblock that could make getting funding more difficult, potentially costing me deals?

I have questions around lining up subcontractor timelines, inspections, what to pay close attention too, what you learned, etc...Thanks in advance!

Most quality PMCs will not manage these properties as they understand most owners won’t pay them enough for the time required and even then it’s too difficult successfully manage them.

He said we would utilize a payment service to ensure payments are made, and also a "performance deed", so that if they stop paying I could reclaim the property without going through a year-long foreclosure process.  

If you pay back all the upfront capital needed to fund the deal, the return becomes infinite after that, so that plays heavy.  

He has an ITIN and pays taxes. 

I was wondering what is the best way to screen future tenants if I don't want to pay for a monthly subscription like tenant cloud or rentredi?