The real goal is to be able to maintain our current lifestyle without having to work anymore but also be able travel, support our kids, support our parents as they get older, support whatever events or organizations we feel like supporting, etc without having to worry about it. 

The house pulls in $430 per room, will be locked in with cosignment from parents (student rentals) with rent on ACH/autopay schedule.The home is going to be rented from June 1st - May 1st, and there will be virtually no vacancies (this will be club on campus house, which I have personal connections to)The question is this: We have the ability to utilize a VA loan and purchase the house, with this option the mortgage is roughly $1100 monthly, we will be pulling in $3000 roughly in revenue, so between mortgage, insurance, and taxes the costs is $1100, with other expenses applied it will be roughly $800-900 positive cash flow monthly. 

My wife and I unfortunately already own a perfect SFH that her parents can come visit and stay with us at so house hacking would likely jeopardize that luxury to some degree, and not to mention Lord only knows when our family will start growing ha.

You may be able to buy at a discount given the limited interest in student housing at the moment.Usually parents will cosign for the kids.Cons:They're college aged kids. 

We started reading about "kiddie condo" FHA loans (FHA loan where both parent and child are on the loan, child will live in the house year round).

And now his parents are selling his house and are set to close this coming Friday!

cite=11.04.015https://www.nolo.com/legal-encyclopedia/intestate-succession-washington.html In WA, the brother inherits the property only if the deceased was not married, has no living children, and no living parents.

I am not sure if it is correct or not, but I look at household income and when the adult caring for the parent took a salary from the parent's income I did not count that as income. 

I didn’t mention it, but I have had the conversation with my parents and they are definitely on the fence about it, as am I.

We are moving to the area with my older parents who would like to live with us.