Learn to recognize the common structure of a stupid sob story.

Your parents have the means to pay (albeit for a little while), so pay they must before Medicaid will.You can complain all you want about "moochers" and make yourself sound like an indignant jerk or you can recognize that this is partially how we fund these programs. 

This will give you proven buyers in the area and can lead to making some great connections.

Accrue your expenses when you realize them or have a reasonable expectation of realizing them, and recognize your cash inflows and outflows in the period they happen.

These are paid off, proven properties, and may be on cruise control.

But if you are using a residential mortgage (Fannie/Freddie if you recognize those names) then the DTI term is what is used. 

.- Hold for 10 years and No gain recognized and no tax when electing Basis = FMV based.Let look at an example and do some basic math.Meet Bob-Bob sold Real Property on September 15, 2018.

DSTs were formally recognized for 1031 treatment in Rev proc 2004-86. 

Address: 8177 Garfield Ave Hunington Beach, CA 92646IF i were to buy this for 2,300,000Cap rate: 4.56Bed/ Bath: 1/1 x 8 UnitsRent: 2000 x 8 Expenses: Property Management Fees - 1000Repairs/ Maintenance - 319.14Real Estate Taxes - 2875Rental Property Insurance - 766.67Vacancy Costs - 1333.33Capital Expenditures - 960 Total monthly expenses: 7254.44Financing: Down Payment: 20% - 460000Loan Amount: 1,840000 @ 5% interest rateClosing costs: 69,000PI/Mortgage: 9877.52Cash invested: 529000Total Monthly Cashflow: -1311 = 16,000-7254-9877.52ROI: -2.57%The point of this excersise is for me to recognize bad deals.

Well established companies that have decades worth of proven track record can do things differently.