Plus, as long as they aren't making any extra principle payments then the single amortization schedule can be used for the entire life of the loan.

I don't want to necessarily say fun, but perhaps rewarding in paying that kind of respect to architecture and aesthetics by bringing an old home to life and then passing it on.

I have been looking over investing for some time, waiting for the right time in life, but finding out there is never a perfect time to get started.

Unfortunately that partner has had some events in his life that are preventing him from continuing to invest.

Life happens and people move around. it's about intent to stay now, which it sounds like you have. 

My life is in hollwood, my job in culver city... where should i look if i don't want to live in a war zone?

I keep pretty busy with my day job and family life, so I don't chase cash flow into the rougher parts of Tacoma, as I don't want too many tenant headaches.  

If you live on the coasts, you might consider diversifying into the Midwest in areas don't crash as hard as the coasts.3) Liquid assets such as cash, cash equivalents, cash value in a whole life policy (if you can find the right one  in a non-direct recognition mutual insurance company), gold buried in a ditch, and tax lien certificates.

I have now started furthering my experience by waking up at 4am and doing the "life SAVERS"(bp podcast 157)  before work and found a huge boost in motivation and enthusiasm.My Experience:I bought my first house last summer, 3/2 townhouse brand new.

Sherwin, I think your question is veering a little in the legal area but as a layperson (not an attorney) who also doesn't know the specifics of you and your dad's situation, if I understand you correctly your dad wants to help you and is willing to be responsible for the mortgage while you would own the property.Aside from getting your father a very well deserved Father's Day present, you should know that if you try to buy the property in the name of an LLC or trust then you will be forced to get a commercial loan which in my limited experience usually does not mean a fixed interest rate for the life of the loan (i.e., it will adjust periodically).If you're looking for a fixed rate residential loan, you'll probably have to close in your name and the mortgage will also have to be in your name BUT I believe your father may still be able to assist by co-signing the loan application and mortgage.