You see OM's all the time touting the parent companies etc. but if they are not on the hook for the lease it means nothing.I do not mind local to regional tenants at all IF there is a personal lease guarantee with substantial net worth behind it.

Account Closed, to piggyback off Emma, you'll 100% want their parents to co-sign the lease. 

Or traveling in an RV, in between stays at my parents house.

i dont think my parent listed as a renter. i think the letter saying my parent told the tenant to leave which isnt true.

I'm not sure what's up with these push over parents trying to load up their kids with a RE portfolio or millions of dollars so they can buy a GTR and play video games all day. 

I also have a $2000 a month child support order on my record and a $580 car note.

I had my buyer lined up and we did plan on selling the LLC from day one, so I gave it a fitting name that would compliment my buyers parent company which was Brown Bear Construction.

That is the only tenant profile I'd allow it for because they're relying on financial aid or being funded by parents.

For other folks, here are some other entities that would, if you sold the property to, have negative tax consequences: YouYour spouseAny of your lineal ascendants or descendants (parents, children, grandchildren, and the spouses of children, grandchildren, — including legally adopted children)Any investment providers or fiduciaries of the IRAAny entity (like a corporation, LLC, or trust) where a disqualified person owns more than 50%Any entity (like previously listed) where the IRA account-holder is an officer, director, a 10% or more shareholder, or a highly compensated employee

@Jaron Walling Hi, i have been working at my families local restaurant since i was a kid. it pretty much doesnt operate smoothly without us being there but it is getting tiring and my parents who have been working these hours much longer than i (they are immigrants from albania hence why i also bust my ***) dont want to continue doing this forever. i also do some FB market flips and have an online store. i just hustle to do whats needed. i have low expenses so this has allowed me to save alot for investments.