You need to consider other issues, as well:family dynamics, including potential frictionparents' views on owning this property and inheritance in general (some older people would consider setting up such trusts as wise and loving, while others could consider it equal to being buried while alive)estate planning implications if your parents have high net worthprobate implicationsyour parents' eligibility for government programs, including Medicaid long-term careexposure to creditors if one of the siblings has debtand more that I did not mentionAn attorney or a financial planner specializing in elderly issues would likely be the best source of a holistic advice

It you want the deep dive, your tax professional may be able to give you the holistic and complete answer based on your facts, circumstances, and goals.

And then it may have been Tony Robbins or like kind of holistic energy projections.

I even want to get into the commercial real estate side of it as well, so I can holistically and diversely have a positive impact on the economic development of this community.

I invest in real estate as well as the people connected to it.Regarding real estate, I invest in distressed and often 'abandoned' 1-4 family residential property.Regarding people, I invest in inner city youth and have been mentoring them for the past 15 years.I believe in taking a somewhat holistic approach to investing and believe that people, and not just property, must be a part of the equation in order for true 'revitalization' to take place.

What you need is an advisor who can take the holistic approach with planning. e.g. entity structuring, transaction structuring, utilizing tax deferred accounts, and utilizing tax credits effectively.If you are and your wife are both W-2 employees, you're going to find it incredibly difficult to move the needle. 

Looking to speak with like-minded (passive) investors to learn how you monitor investments - Holistically, especially once it involves monitoring alternative investments.Anyone up for a chat?

My advice to you is to think of your life's goals holistically and keep reevaluating them regularly.

IRR 25%+ (over a five year period) but would look at the opportunity holistically rather than just the rental increase. 

As more exits occur and reseed new investment things will change, but we're still lagging other areas viewed holistically.