The Trust is mainly because I have minor children and a special needs adult child so I do not want them to directly inherit without side boards. 

However, you have the right to not want to rent to an applicant who would also have their child living in your personal primary residence home.

You don't necessarily have to have one, but I would recommend the properties be in separate LLCs or separate childs series of a series LLC or DST) to minimize liability.

@Tom HarkinsThanks for your reply, we have a young child and frequent family visitors so a SFH may make sense as well, but figured a 2 bedroom 2 bath condo or smaller townhouse would be a more rentable property, what was your experience with your SFH and if you don't mind me asking what was the price point for a SFH vs Condo/Townhome in MoCo.

I may never go back, or do something else, undecided, but I have complete flexibility in the decision process which I am thankful for.

I have a parent LLC that my wife and I each have 50% ownership of, and then a child LLC that the parent LLC owns fully. 

My biggest concern is that that with the huge run up in prices in this area, there is going to be a pretty significant correction, and I will be left holding the bag if a correction occurs.I really want to help this family member as they have a young child (4 yrs old) and a spouse who have been displaced from their home. 

Being a child about it IS.BTW, all you see  is "Ad" Ad Ad..But you don't care to see HOW MANY people I help on here for free.

This saved me throughout 2020 as the parent paid for rent for their child for over a year to keep them from getting an eviction and taking the parents down with them.

Do you want to be close to your child’s school or your job?