And since the S-Corp’s profits pass through to you, you’d still pay personal income tax on the rental income.

The majority of our properties already have DSCR loans on them, are tenant occupied, have been owned for less than a year/have sizable capital gains, are in a high appreciation market, may take a while to sell at market price on the MLS.Are there any loan products, even ones with balloon payments, that would let us access some of our equity in our properties through refinance or a 2nd position loan.

Is he just wanting to dump the property or trying to maximize profits. 

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

If it's a good fit for parents, they'll find the property on the major booking platforms.

*Affordable – Next, Phoenix has relatively affordable properties in comparison to other top metro areas such as Los Angeles and San Francisco, which means that investors have the chance to purchase homes at lower rates, thus increasing their profit margins.

If major foundation work, you should wait 1-3 months to do the full roof replacement (depending on the method and how much was done).Example: If/when we do a full residential roof replacement, if major foundation work is done after that, any/all warranties are void!

Otherwise, like any investment, profits get eaten up and headaches balloon. 

The asking price is under $125k and like mentioned earlier, the renovations would be 50% so there are major repairs (not move-in ready). 

Looking great!