Helping our daughter get a start in real estate investing

[Amy Martin]

Dear BiggerPockets Community,

I am new to BiggerPockets here but would like to ask for some needed advice.  Our daughter was recently laid off and is struggling to find work. My husband and I thought we could help her out somehow through our real estate holdings. We are retired and living off the income of four different rental properties which she helps us manage. She has saved up some money and wants to purchase a rental property herself so she can be in a less financially precarious position. She is an actress, but since that job does not have stable work (especially not during this pandemic) it's difficult for her to get a mortgage. Her goal is to get enough rental income to be able to continue acting and not worry about paying the bills every month.

What are some ways we can help her obtain an income using the rental properties we own so that she can qualify for a mortgage and start down the path of purchasing and managing rental investments for herself?

Some ideas we brainstormed:

-Hire her as a property manager and pay her to manage our properties (though we only have four total). She has been managing our properties for years so we're not against officially hiring her for helping us.

-Transfer ownership of one of our rental properties to her so she can add it as her own income. She will be inheriting our properties eventually (though that will be MUCH later), so this would give her an early start.

-Lease a property to her, and then let her do Airbnb to make money (though in this environment it seems Airbnb is not doing well).

Any suggestions/advice on this matter would be much appreciated.

Thank you BiggerPockets community.

Sincerely,

Amy Martin