It was a small $$$ project but time consuming because that was something I DIY'd while living in the property. 

Guys - I was just quoted $5000 for the Trust package (Trust, Will, Living Will, and Power of Attorney), plus $1660 per LLC, which includes one holding company in WY and however many other LLC’s you want to start.

I am living at home still, so I don't have any expenses, but what should be the next step I should take?

But, I'm fairly risk averse, and do live in a heavily tenant leaning area as far as regulations and court judgements. 

Co-living is going to grow and grow as time goes on (but maybe less so in my neck of the woods, to be honest).

Buy a house using your parents' money, then manage it for them while living there.

I'm actually pretty familiar with this area, I lived in Sterling Heights for about two years.

.: In a prior post from about 2 months ago, Kerry Malarkey and Nathan Gesner mentioned a small landlord is exempt from FHA requirements requiring the acceptance of emotional support & assistance animals if one of the following is true:"Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at once" (Quote from Nathan's reply))https://www.biggerpockets.com/forums/52/topics/1219359-pitbu...Given this, if a landlord does qualify for the exemption, what exactly does this mean? 

I have a waiting list for tenants as my rentals are all where people actually want to live.

Since you are living in the property, you probably have developed relationships with an electrician, a plumber, and a general handyman, if you haven't reach out and meet a few now, while you are in the home, so that you can easily make a call or two when it will be necessary.