My mother-in-law wants to add my wife to the deed of the townhouse in case.

I have seen some cry, pray on the bible, swear on their mothers grave, etc. and it was all a lie.You have to be tough in this business or you will get eaten alive as a landlord.

In 2013 I lost my step mother(mom) to cancer she left behind many assets and a bit of money for my family and I.

I had a question regarding getting a FHA 203K rehab loan the property I am wanting to purchase was built around 1945 ( there is no Lead Paint ) as far as I can tell This is a distressed property , and needs around $20,000 - $25,000 in repairs done ( new roof, new A/C unit, painted inside and out, all new flooring, Bathroom remodeled some and the same with the kitchen, some electrical work ) The property is in a Trust , and my Mother is the Trustee of the property ( is was my grandmother's property ) The likely sell price will be about $55,000 - $60,000 ( this includes the pay off of the property, the repair costs, closing and the pre-paids )The pay off for the property is $29,000 The ARV ( from the research I have done, should put the property in the $85,000 - $90,000 range ) after it's fixed up I already have a licensed and bonded Contractor, lined up to do the work ( they have worked on and know all of the guidelines for FHA 203K loaned properties ) There is one thing I am a bit concerned about, and that is....

I know Averill Park fairly well, I went to RPI, my wife grew up in Troy and my mother-in-law lives in Albia (off Pawling), and my full time job is in Castleton.  

It is big of you to question when this is wrong.I remember my mother proudly telling me of the little old lady coming over from next door, asking mom to buy her house for far below market.

Mental state is the toughest thing to achieve that no matter what life throws at you that you will persevere through it.My father was killed in a car accident when I was 16 years old and I lost my best friends father to cancer that year along with my grandmother ( my mom's mother).  

The reason i am investigating the possibility of funding a project like this is because my mother suggested it.

Hi Bp friends,I have  a seller that want to sell his already mortgaged house to brother and mother. 

My family was in the development business for years and has all sorts of scattered lots 100 plus o them odds and ends in CA.. every year in the counties they worked in I check the tax overages.. ( we never pay tax's on those.) and sure enough some one not so bright has paid some big money for a sliver of land.. and My 82 YO mother gets a nice bonus check from the county.