I am a 21 year old and I’m currently employed as a 1099 contractor (intern) for a digital marketing company and have been working there for a little over a year now (Haven’t filed taxes yet).

Matthew, if you’re considering investing in syndications, just be sure you really understand the risk involved. 

With the cash flow number and the potential equity gain every year you can calculate your estimated return on equity - my hunch is that with $500k in equity it will not be great return.Another thing to keep in mind is that if you have lived in the current house for at least 2 of the last 5 years and it has appreciated a lot while you have owned it then you can sell with little to no capital gains (there is a limit that you may be pushing with that much equity).For those reasons I would probably consider options that involve selling.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

To answer your question, You would need to get an attorney involved and just issue a mortgage and note along with having a will that your daughter would inherit this.

With short term rentals, you tend to take a larger cut as there are many things involved in the day to day upkeep, think 12-25%.

She may need to file a gift tax return for the $31,000 gift depending on other factors. 

The time to get tenant insurance involved (if they have it, we require it) would be before the claim is filed.

Talk to local property managers, investment agents, and others involved in in the real estate in the area.

If you go file for an eviction and they show up and pay their lease, they get to stay in the property.2.