this is only a good idea if you have reason to believe that the area will be appreciating quickly, which is called speculation and akin to gambling not investing. me personally, I would rather put my money on black than bank on market appreciation. negative cash flow rentals are a time suck and money suck.

Quote from @Elizabeth King: I have a property in my personal name that I plan to rent annually. 

Not worth it if you have to feed the thing.But again, what are your personal goals to investing.

@Nicholas Nakamura can you make a trip out there in person? 

Unrelated persons ordinances are common. 

@Kyle Cross, correct me if I'm wrong, but I think maybe what you're getting at is potentially pitching to your parents that you would like to take a shot at personally managing the units to gain experience and some form of compensation.

Hello all! :)Someone I reached out to on an off market deal told me that they couldn't sell because they bought the property as a rental in the 70s and didn't want to pay the capital gains. I'm curious if this has com...

Personally I’d wait and see what happen.

You are still personally guaranteeing the loan.And you did the right thing by putting the assets into an entity, especially if there is equity.

I haven’t personally had a bad experience yet, but I know it’s definitely something that can happen in private money lending.