Creative financing between me and my parents

[Siri Ramos]

Hi All,

My parents have decided to make a huge move out of the country (USA). With that, they are seriously considering selling our family home. 

There are tons of unique things about the property, but without listing everything, what are some creative financial solutions we can do for me to take over the house?

A few points of consideration:

- Running through the numbers, the house will not be cash flow positive on day one (If I buy at the appraised value). It is possible that I will move into this house when I start my own family.

- We will most definitely save on real estate agents and closing costs (~6-7%)

- I've pulled comp data and I've appraised the house at ~$650k. This has been validated by an agent.

- I have a steady W-2 job with high income, but I wouldn't have enough for the down payment as most of my money is in other investments.

- My parents are getting close to retirement, and I imagine they may want to have a steady stream of income.

What kind of creative solutions can you think of between parents/child  that would not normally be easy to pull of because both parties don't know and trust each other?

Thanks!