Investing with parents or renting to them.

[Roberto Treviño]

Good afternoon BP community.   Recently my dad  has expressed the idea  of purchasing a home in DFW where he is currently renting. He came to me to see if   I would be open to co-owning the property. That would be his primary home.   He has concerns  about the maintenance, property taxes etc,  so maybe another option would be for me  to buy it and rent it  to him.  He said that  he has the 20%  to  put down.

Besides the  depreciation,  tax  benefits that I would get if  I was renting to him are there there any advantages on co-owning instead of  me renting to him?

Are there other things  that we would need to consider to see which option is  better?

Thank you in advance.

Roberto