Consult an attorney and tax advisor to structure the arrangement legally and effectively.This post does not create a CPA-Client relationship.

The sustainability test is that 3/4 of units need to cover 75% of the mortgage from my understanding.

@Kevin L Gleave has created a live doc that has up to date info on local meetups, I can PM you a copy (I have Kevin's permission ;) )

You can connect with the local chamber of commerce and/or planning and development departments to find what is coming to the area that would create some appreciation.

I create a comp set to dive into the competition and analyze how many other MTR homes there are, what cleaning fees are being assessed, booking lead time, # bedrooms and competition and if EV charge, Pet policy and Pools make a difference.JURNY for a PMS system & channel manager.

Overall, my primary goal is to create the opportunity to get into another home at minimal cost while keeping my parents in the current home, so I'm leaning toward transferring/selling the current property to them.

Partnering with Billy Medlen, we saw the opportunity to create a win-win situation by transforming the property and delivering a strong profit.

Not all agents are created equal when it comes to investments.

Have you ever hired a consultant to create a site plan for you?

Also remember, you aren’t creating deductions.