Talk to a CPA with real estate experience.I suspect you would be better off having the property stay in your parent's name, which can eventually be inherited by you or your daughter tax-free.

Drug possession and suspect in a homicide indicates they're walking the wrong path and I wouldn't touch them.

I suspect if you call 10 random, smaller banks (i.e., not Chase, WF, etc.) you might find one who would be willing to do investor real estate loans.

I suspect the difference is now a bit less then 2x, but even if it is a 2x market differential, that seems nuts to me. 

I suspect it has happened, but the 506b platforms are not very transparent and I've heard rumors of deals that did lose money.  

The moment you contact your title company put them in motion on the search and get your title insurance questions answered I suspect it will make the whole deal easier to go through with.Good luck to you and I hope it works out!

If you can't get a copy of the leases or suspect they are not accurate, you can ask the tenants to give you a copy of theirs or have them sign a tenant estoppel certificate. 

I suspect professional PM would cost me around $4K per month and select the first applicant that can fog a mirror and plans to change their Harley oil in my living room. 

Right now you are 24 years ahead of me, and I suspect you will have the energy to lengthen that gap as we age.  

I suspect that may be a 5-10 yr property for us so we could claim some depreciation.