.- My parents are getting close to retirement, and I imagine they may want to have a steady stream of income.What kind of creative solutions can you think of between parents/child  that would not normally be easy to pull of because both parties don't know and trust each other?

The father claims the child and gets $1500 of EIC.

I delayed starting renovations on this because I closed on the property the day after I returned to work after the birth of our fourth child.  

Right now, due to child tax credits and filing jointly, I pay much less than I otherwise would (so I get a 'return') but I want to be in the habit of setting aside the money for down the road.I would also ignore appreciation and inflation.  

Other jobs frequently needed are painting, pet care, child care, house cleaning, livestock care, personal assistant, errand runner (think grocery shopping, taking car in for maintenance, etc), and a multitude of others.  

Budget out non-essential expenses to get started if needed.Then I would help pay my child's reasonable in-state tuition with property cash-flow.  

A slip and fall of child or hi earning person where the insurance does not over the cost of the injury or possibly a death, they could come after you personally. a car or plane crashing into the property that would be in excess of the insurance that you purchase.

We bought our first real property in 2011 after the birth of our first child, a condo overlooking a park in a rapidly gentrifying part of town. 

My current duplex is a 2/2 duplex that was purchased two years ago using an FHA loan, before I got married, and my now wife and I are expecting our first child.  

More than one child has grown up to be a drug addict, prostitute, criminal or simply irresponsible.My method allows me total control to dispense the money if and when the time is right.