If you discover that a tenant has caused damages to the home during the tenancy, one approach is to deliver a notice to cure the violation, namely, to pay for the repairs during the tenancy, as compared to having to wait until they vacate.5.

This would still give them a monthly cashflow, cure the capital gains tax requirement when sold [ check with CPA or tax attorney] and alleviate the maintenance / management issues that your parents currently have.   

I have smart roku tvs in some rooms, and just added roku devices in others, and the remotes always end up in the wrong rooms and I spend 20 minutes just figuring out what goes where (I'm going to cure that next time I'm there with my handy-dandy "take the battery cover off and put a sticker in there with the location written on it" filing system that I use for the hard TV remotes).Here's a tip I don't know if anyone else uses: on the TVs that I have Roku devices on, and use that Roku remote to operate the TV, I put a piece of velcro on the back of the TV and a piece on the back of the original TV remote, then I stick the TV remote to the back of the TV (in a spot that's not obvious unless you are looking).

Do I have to give a chance to cure/remedy the situation?

If a doctor came up with a new treatment to eradicate the common cold and out of 3000 people 2999 died and 1 person was cured, would you conclude the treatment worked?

While these properties look attractive on paper, tenant nonperformance and maintenance costs can quickly wipe out cashflow.Many investors think Section 8 is the cure-all for these challenges - failing to realize that S8 comes with it's own challenges - what QUALITY of tenants qualify for government handouts?

"An ounce of prevention is worth a pound of cure."

You can ask for one hundred percent financing, lower points in exchange for a shorter term or higher interest rate, and even negotiate the cure period in the event of default.

Quitclaim DeedThis deed has traditionally been only used to cure defects in title -- like when a grandson may have inherited at 1/335 share in a property, but no one is really sure whether that's true, and a buyer has come along and needs to get the signatures of all the possible heirs before being secure in his title.

The Closing Disclosure fees cannot be higher than an initial Loan Estimate, otherwise this will trigger a cost to cure and the lender must take the hit.