@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 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?

One potential problem with LLC's is you may have problems transferring an LLC to an heir when you pass away, or you may have problems 'Gifting' an LLC to a child since properties are usually considered to be owner by the LLC and not by you.

Based on what I’ve read, it’s a Parent/Child kind of structure.  

I had one house where you have to push down on a bubble to open and close the tub drain.  4 adults and one autistic child lived in the house. 

If you had to move into that house so that your child could live next to you in your current one would you do it?