In all seriousness, if this is the start of a budding STR business for you, your parents should understand. 

I use Coterie for business liability. 

I'm thinking long term rentals will be a good retirement plan.

You’ll need an agent who knows the area well, a solid property manager, reliable contractor connections, and lenders if you plan to use private money.

Its business and you need to protect your investment.

Working this backwards, what I see is a 3rd party trying to benefit from another’s house via rental cashflow, My only business is 30+ years as probate estate and trust lending in CA.

All disclosures are to the seller, escrow, IRS, that kind of thing.In one lawsuit, the judge determined that the lender had constructive notice because I had recorded the warranty deed and was making payments from my business checking account.

To do this legally, I know plans need to be drawn and submitted to the Planning Board.

Hey Paul, my business partner and I work with investors from all over to help them execute the strategies that are actually working here. 

I'm planning to use that money for a downpayment  to buy a multifamily where I would live in one side and rent out the other side.