Trying to help out my folks

[Russ B]

I'm in a position where I can help my parents financially but I don't think handing them over a bunch of money is in anyones best interest. I was thinking about buying a few rental properties and having them manage them and let them keep the rental income that is left over after expenses. (They have experience as landlords and Dad is very handy for small repairs) The questions I have are the following:

1. Any advice on how to structure this from a tax (income) perspective?

2. I would like to get mortgages on these properties, so from what I can tell an LLC probably isn't the way to go. Any other options?

3. Please feel free to share any other relevant thoughts/advice.

Thanks,
RB