Hi Manolo, My company offers everything under one roof from realtors to find you the property you are looking for, mortgage brokers to get you funded, contractors to do any work you want on your property and ultimately present it back to the investor to sell, rent or move in to the property.  

If the work is a repair, then it us a business expense in the present year.  

Anyone interested, lets meet up and talk face to face and see how good of an opportunity is presentable.

If I had a buyer's agent, then I'd have to get a cashier's check and a formally written offer and overnight it to the Atlanta agent, they'll present it.

I am not looking to finance them at all.The seller said that they are in good shape and need "very liitle" fixing up, but you know how that story can go :) I should do my estimates and then present my offers after I have seen the properties. 

I look forward to reading and learning from everyone and everything presented here. 

I think too often many of us want all the answers to our dreams packaged and presented to us with a nice little bow on it (not speaking to anyone on this post in particular).

I've been back and forth with which I should start with but I guess whichever works best for the deals I'm presented with.

The analytical tools available here on BP (above under the Tools Tab) will give you plenty of financials to show your parents and you will probably impress them with your analysis and presentation if done properly.  

EDIT: A nuance to TCF Bank is they they accept Freddie/Fannie methods of calculation provided that we do the work for them and present it as a complete already-done package.