Owning properties through LLCs in their respective states avoids the need to register a foreign LLC, which adds costs and administrative requirements.If you plan to acquire properties across multiple states, you could create a parent LLC in Florida and have individual property-specific LLCs (child LLCs) in each state.

I’ve seen countless stories of families choosing between groceries and rent, or parents juggling eviction notices while trying to shield their children from the stress.

If it came from your parents, you may need a gift letter from them stating that it's gift and does not need to be repaid.

My parents had a 3 family growing up and I used to hate going there on weekends but I learned a lot and it obviously stuck with me.

Whether we agree with these items or not, the following are inflationary government policies: stimulus, student debt relief, tariffs, increased child tax credits, limited immigration, and big government deficit spending.

These I have found are real, striving parents, working their butts off to provide the best housing and school system for their children.My ethos in this approach is exactly why we at LaPlante refer to them as Residents, as we consider "Tenant and Landlord" to be dated terms and rife with negative emotion.

Other most common factor: Family Size increases due to marriage or having a child. 

It currently only has four units rented, although I would like to turn the 5th unit into my own, so that I can move out of my parent’s house and “househack” for a little.

Parents couldn't care less. 

.: I'm looking into alternative ways to sell a rundown house for my parents.