Those #'s can change drastically, if your Dad is carrying the paper (loan) and giving you favorable terms, or not charging interest, etc.4) There is an option of converting the garage into an ADU, or adding an ADU over or adjacent to the garage.

Things were going bad from day one however we wouldn't be aware of it until late 2017.It started when 1 of our properties got burned and when started an insurance claim learned that the policy the management company has purchased for us wasn't covering the cost of property purchase and their savings of $20/month cost us loss of thousands of dollars.That was the start of our awakening and we started checking all that was taking place and we have questioned all the different bills and reports that were provided to us, during that we learned that 2nd of our properties was abounded by the tenant and the months late rent payment wasn't questioned by the management company, not only that but thieves had broken in to steal all appliances and vanities, created damage and leave the property completey vandalized, a squatter had taken over the property and we had to go thru eviction process.Needless to say we have dropped Mousa and his so called management team (Omar and Wanda) and hired another company to take over and conduct a full due diligence on our properties which helped us to find out that on a 3rd property the management company had failed to fill out correct paper work and the tenant was not paying her utility bills for months and that mistake of paper work forced us to settle thousand of dollars past due bills with the city, that's on top of the fact the tenant was way past due on her rent, this property was so badly maintained despite the fact we have paid thousands of dollars to Mousa and his team for various repairs they have reported and invoiced for.As you can imagine the poor management of this company had caused us nothing but losses that are at this point estimated in tens of thousands of dollars.It is clearly our responsibility of not checking this company in details before engaging in business with them, however it is this company lack of responsibility and management that caused our losses.Be aware and check them thoroughly before engaging

If your "DTI is going to scare away any bank," then you follow it by saying both properties are cash flowing then what I surmise is the properties might cashflow in real life however on paper/tax returns you're probably not cashflowing otherwise these rentals would be improve your DTI (going down % wise) if they're actually cash flowing.So the above doesnt add up, did you get an adverse response from your current lender contact?

Also, in this situation, your parents need cash, not paper.

To keep your limited liability intact, make sure personal and business finances have a clear divide – paper trails are your best friend here.

Can I get the land trust done with myself as trustee, beneficiary and grantor for closing OR do I need to close in my name and then do a deed transfer afterwards to somewhat remove the paper trail of myself attached?

I bought what was supposed to cash flow positive on paper but I'm losing money every month and I don't think it will appreciate enough in 5 to 10 years to make up for my expenses.Read my post in the link below. 

If you have a STR that self-manage, you may potentially be able to treat it as 'active' instead of 'passive' which would allow you to offset the losses against the other forms of income such as wages, interest and dividends.You may accelerate the paper-losses by doing a cost segregation study.

Should have insurance and have the project as liability is what hard money does ; ideally, if paper work was done correctly ; you should be able to pick up the home

The lease paper indicates the new rent to be effective from Januray though the paper was signed on February 1, 2024, after I asked for it.