Consider hiring a property manager to handle the logistics if you go STR.

Pick a well known landlord tenant attorney in the area, have them review and edit your lease accordingly, and tell you how to handle this situation properly.At the end of my lease I have a clause that states if one clause in the lease is found to be invalid or unenforceable, it doesn’t effect the rest of the lease.

I’ve heard good things about some of the newer online options, but make sure they can handle the complexity of a growing real estate business.I had a friend in Scottsdale who ran into an issue with her lenders when she tried to close on her second property.

If your tax situation isn’t too complicated, you could try handling it yourself using good software, but if you want peace of mind, a CPA could be worth the investment.Since your parents have experience, you might lean on their advice while you learn the ropes.

It told me I could, of course, handle these contractors because I PM'd multimillion dollar developments.

It handles leases, payments, listings, maintenance.

How do you handle these?

Keep the 3.4% mortgage in his name to retain the low rate, and set up a lease agreement where you handle management, pay the mortgage, and share profits.

I can handle the 1 property myself. 

I would like to increase the rent if possible and I'm curious how others have handled this negotiation.