Quote from @Jason Burkart: Quote from @Theresa Harris: Whatever you do, I'd keep it in your name if you are the one paying for it, in part for some of the reasons others mentioned (if at some point she goes into a retirement home and needs to use her assets to pay for care).Are you able to pay for her home for 10-20 years? 

The modeling of this is actually pretty easy (see link: 42-unit proforma sample), but my model treats the pre-refi loan as I/O, but that can be updated based on your deal.

Hey Jamie, I am actually a property manager located in Jacksonville, FL and work with several investors in the area.

Ask the candidate to share actual tax planning strategies they have used. 

(Not a lawyer so this is not legal advice) You've listed all the reasons why people fire property managers, it sounds like they've just done a poor job of meeting your expectations. 

One question that you may not want to post here for legal reasons, is how much are you paying your PMC?

I realize I don't have the actual NOI, but that price sounds super high for the gross income you're stating in your narrative.

Do you know what you are doing based on actual practical hands on experience?

Jefferson County, which technically allows short-term rentals, is fickle with permits and just revoked one of my clients' permits for arbitrary reasons.-- The biggest indicator of turning public sentiment was just last month, in December, when voters in Woodland Park approved a ban on vacation rentals that also appears to NOT grandfather in existing licensed properties. 

If they want to leave, for any reason, they just have to pretend they can't afford the rent.