They'd be much better off being a Hard Money Lender and make 5 times that (and every repair to their "investment house" is paid by them...So, if you put $10k down on a property and make $150/month net cash flow your Coc Return (annualized) is 18% which is Very Good.If you followed that and understand it then keep looking for a deal.

This would likely take coordination with a tenant at some point - (ie - plenty of notice to them that they must vacate in order for you to sell the property)Since your current home is free and clear -  you could do a cash out refi or take out a new mortgage on the new house to be able to buy your paren't house and pay off the mortgage.  

This is more of a reach goal for me since I am still in my "collect 4 green houses before trading up to a red hotel" stage, but I thought I would ask the hive mind anyways.

I also understand all the reasons why that's the case.

Hey @Isaiah Cortez, here are the deets on STRs via the city - https://www.fortlauderdale.gov/government/departments-a-h/de...I don't have any real insights on the area, but do a search and you will find some details.

The liquidity or funds for the purchase can be in your new entity or your personal bank acct.

So, comps can help with figuring out local cap rates, then you need the income from the property to determine a value.

Off-Market: I was working for a storage facility and the owner needed help removing his stuff because he was moving How did you finance this deal?

Welcome to the community, Nish. 

Hello Rami, Welcome to the area.