I am torn on which investment I should pull the trigger on!

To do so, you'll have several different types of tax consequences to consider: property, income, gift, etc.There are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

Do you have anyone you use for repairs, this will be a consideration done the road.Second, you will want to factor in reserves for the unexpected. 

However, from your parents' perspective, they might see the sale as a separate financial transaction from the operation of the property, and therefore, they may expect to receive the full proceeds without deductions for taxes.Given these considerations, it might be worth having a calm and open conversation with your parents to clarify expectations and find a resolution that feels fair to both parties.

Does it take into consideration all the local regulations (cannot rent for < 30 days for example?)

I take the size of the yard into consideration with all my purchases.

Adds to the definition of "real estate broker" any individual or business entity who sells or offers to sell, buys or offers to buy, negotiates, or otherwise deals in real estate contracts, including assignable contracts, on two or more occasions in any 12-month period for compensation or valuable consideration.

Find a narrow area, then focus on improving your expertise/knowledge and you will have an informational edge that will pay huge dividends long term because unlike most people you will know what the true value of an asset is and can calmly pull the trigger when others are scared and can calmly not pull the trigger when others blinded by greed.

That war in other parts of the world will trigger deglobalization and collapse.

looking forward to submerging myself with all the knowledge I can take in then pull the trigger on a property!