Oh I forgot to mention your parents probably could just quick claim deed you the property as well which may be easier (depending on where you live).As for sub2 deal structure it's just a purchase and sales agreement with a subject to addendum saying that the current title holders are selling you the property for exactly what they owe (i.e.

Looking for a good dependable property manager for Jasper Florida.

Thank you- Jason It depends on the lender.

MI is in many markets now so that questions is gonna be a big depends.

***** DEPENDS ON HOW THE HOUSE IS TITLED  - If It's in her name I'm 99% confident the answer is no  *****Can he sell the house and put money into a trust to protect it from the five year look back for Medicaid?

Yes, no, pretty much, depends on what you and the GC work out.

@Bjorn Ahlblad - Hey Bjorn, 7-8% cap rate depends on the market right? 

Then we can sell it, split the profits (which should be anywhere from $300-$500K depending on how bad this place really is) and I'll take my share of the money and put it down on income producing property that will cover my rent on a new place.

Robert.It really depends on you.

Usually, every 3 years, depends on you.