Yes I can only imagine the challenges of going back later Thanks for info jay

I recently bought a 4-plex conversion and had to sell it on a subject two less than a year later.

Hello Huy,I found this great article that might help you.https://elderlawms.com/faq/do-gifts-of-property-to-children-...Also, you might want to consider taking over the property sooner rather than later, if you take over the property now it appears that you would be avoiding Inheritance taxes. 

Also how do I make it look like my company still makes money so the bank will lend to me later on?

HOWEVER - if you're approaching it more so from the perspective of wanting a place to settle down and possibly later on emphasizing on school districts, your evaluation criteria will be different than someone who is a pure investment play. 

And you could later cash out refi and use that as a downpayment on another property.

That's another thing you may want to consider as you turn your property into an STR later.

No need to over complicate things while still relatively small, you can always revisit it later.

Three days later the 25% partner bought me out for $200k.   

For those of you using a property manager, if there is a late fee assessed for late rent does your property manager keep that fee or remit that to you?