A recent example: A landlord friend just move a family of 5 into a sizable home; parents are paying the rent as it were, but he ran all 3 adult children through the process as well and put them on the lease.RE the lease language around "Vacating" (e.g. death) - talk to a real estate attorney in your neck of the woods. 

My parents have multiple properties that includes land and rental homes located in multiple states.

My parents bought their primary residence 30 years ago for 250k.

One was a family with a baby and the other was the retired parents of one of the people in the couple. 

My wife and I will be moving into Texas in March as i have just been granted a green card, and will initially be living with her parents. 

My wife and I will be moving into Texas in March as i have just been granted a green card, and will initially be living with her parents.

I have no contact info for her parents and the prior landlord is claiming he doesn't either (very odd). 

Do you suggest I keep saving to increase my reserves to find a better opportunity in an area similar to Elmwood Park / Wheaton (currently living at home with parents, but plan on moving out by end of March. 

.* You most likely need your parents to be a guarantors unless you have all the money in cash.

I was considering finding a multi family home/ duplex to utilize house hacking; plus I kind of want to move out of my parents house.