My mother-in-law is managing the state and doing some projects to get the house in better shape before going to the market.My husband and I would like to purchase the home as an investment property (rental); my mother-in-law stated that she would "discount" her part of the purchase, which means we would only pay 66% of the original price.I am trying to think of alternatives to borrowing the money.

@Sandeep Shukla how much time do you have to manage AND learn:1) Fair Housing laws2) Fair Credit Reporting Act3) Consumer Privacy Protection laws4) Local rental ordinances5) State eviction laws and procedures6) Etc...Everyone thinks property management is easy until something goes wrong...

I could not have normally afforded to buy in this neighborhood without purchasing a distressed property.My plan was to house hack one room for a year.

Then tell them you are going to have to get a mortgage and it's going to take a while, see if they will rent you the house.

I bought a house in Dallas for short-term rental.

Understood - so say I sell house in Sep-24; then I can adjust my remaining paychecks to catch up to 110% of 2023 tax to avoid tax penalty or I need to start having higher withholdings now?

I am checking out this house I found in mls , year built was 2017 and it is being sold for a slightly below market value price , something scares me about it though ….i saw “This home currently has an open insurance claim with an open roof permit, and lien for the roof.

What you don't want to do is tell someone the house is theirs and then tell everybody else its rented.

As Mark Simpson says, you're building your house on someone else's land.

They offer their support by coaching, software for finding/tracking deals(off-market -pre-auction houses), and team support while making deals, also do financing of 100% of deals and split the profit  50/50.