I also borrowed the closing costs from my parents which I quickly repaid.

Maybe their parents didn’t fund their deals, but they put them in front of the right people.

But the gas and water need to stay in our name as landlords (per the water and gas companies), and we will bill those amounts back to the tenants.We have 1 single man who has 1 child who will live with him 1/2 time in the upper level, and we have 1 single woman who has 3 children who will live with her 1/2 time in the lower level.

My parents are in the fort myers area.

I had been renting for a year and my parents convinced me to buy a house to build up equity.

BP Team,  My parents own a couple of multi-family properties south of Miami, closer to Homestead.

Property management is managing it and giving check on the name of property owner who is Child LLCprior cpa was filing taxes under Parent LLc as the child LLc is a pass through entity.

NOTHING WHAT SO EVER WRONG WITH GOODMAN, although their parent brand Amana is better, but also more expensive.    

So my first property back in 2001 was made possible with a $78k loan from my parent's LOC. 

My parents house hacked a 1950s brick four family -still very solid with all hardwood.Don’t be afraid of old buildings.