That could help manage tax liabilities while keeping the property in the family.

@Heath D Wallace operates as a property manager?

In fact, it is usually an automatic no deal unless you are putting 50-60% down for an investment property, but at that point, it wouldn't be worth putting that much cash down on an investment property where you can get much better returns in markets such as Denver. 

It might not be as much work as doing both sides, but it still requires your time and attention.3.Negotiation Power: Whether you’re buying or selling, you need to ensure you’re making smart decisions and not overpricing or underpricing the property.

Is it advisable to have an account for each property?

Hello, My name is Matthew I'm new to real estate investing and am currently looking to start off with a rental property to get started, having done a lot of reading and research on my end I'm still looking into getting a better understanding and more knowledge so that I can be as prepared as I can be.

Whether it’s helping a seller get their property in better shape for showings, structuring a deal that works for both parties, or connecting the right people, there’s always a way to add value.

This would be a joint venture with me offering to just provide a percentage of profits and equity in the property in return.  

Foundations actually don't come up that much in Chicago.... so many awesome brick properties.

If I were in your shoes, I’d focus on house hacking in Phoenix by exploring multi-family properties or using the BRRRR strategy with undervalued single-family homes.