If you do decide to work with them, you could set up a clear partnership where they’re equity partners and you handle the management and operations.

Then I'd start by saving up, so you can buy your own house and rent out rooms in the house (or buy a place with a suite).Talk to your parents about what their goals are with the properties, what they like and what they don't like.

It is a set price that you are going to get for it and if the deal makes sense with an 8% profit vs ARV (80% for purchase, 7% for realtor and closing costs, and 5% holding costs), it will be a good deal for you.Account Closed You are 100% right.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

My current goal is to transform my professional Excel budgeting tools into an AI-powered app to streamline day-to-day property management, particularly for financial operations.

If you’re open to taking a closer look at Memphis, I’d be happy to run numbers for you on some properties that match your goals.

Do some research to figure out what type of property—long-term rental (LTR) or short-term rental (STR)—best suits your goals.

Forcing appreciation on properties requiring work is a longer term goal but I’d like to start with a simpler project.  

Good luck to you and I hope you achieve all your goals in life!

This year for 2025 my wife and I have made it a goal to improve our financial literacy to purchase another investment property.