@Dillon Dale I appreciate the encouragement!

As part of a longstanding plan to encourage home ownership, high-ratio financing (loan-to-value (LTV) ratios > 80%) is available on owner-occupied properties.If you were to buy a rental property, but continue to live with mom & dad, then you would require a minimum down payment of 20%. 

This will make your margin just about impossible to keep in the black for a flip.Brandon is a very encouraging guy but I try and remember when he go in to the market, i believe this was around the financial crash of 08. 

They want you to use a cashier's check or wire transfer to them and they will in turn do the same thing for the seller....give them cashier's check or wire transfer when it closes.Make sure you are closing at a title company.Based on your questions....I would encourage you to have a realtor or attorney on your team and advising you on contract, closing procedures, and structure of the deal. 

I would encourage you to at least chat with an attorney to ensure that you create and operate the entity correctly, since the will be different annual requirements for LLCs between different states.

The reason I don't like them is that they don't encourage mindful investment mentality and feasible goal setting, they encourage pie-in-the-sky, get-rich-quick thinking.

Any insight or encouragement is much appreciated!

Any insight or encouragement is much appreciated!

One thing I'd encourage just from a 1031/taxplanning encouragement would be for your husband to retain title if for no other reason than that when he passes he can will that property to your daughter and she will get it at a stepped up basis with the tax totally gone.

Thanks again for the encouraging words!