Some – almost invariably small ones that did not or could not adapt fast enough to suit their regulatory Masters – had to be sold for pennies on the dollar to banks that are Too Big To Fail.

My last 2 purchases and the luxury cabin I am under contract currently are all at least class B.  

You can find SF properties that already have in law suites, garage units, etc, and now legally rent those, so it should increase the appraised value significantly.

A law suit from a tenant can put your other assets in risk if they are inside that LLC. 

this is a nice thought and catchy name (GATOR) LOL.. " The man in the new suit is getting rich on your dreams "  Stevie Winwood  Taffic low spark of the high heel boys.

I'm 2019 I found a nice property on the market that would suit my family really well.

Then I'd start by saving up, so you can buy your own house and rent out rooms in the house (or buy a place with a suite).Talk to your parents about what their goals are with the properties, what they like and what they don't like.

This may suit your investment goals if you're looking to be more passive.

But then I remember I am an expert in my market and know which areas are better suited to my target goals.

For example, this can be adding square footage, adding an extra unit, or adding a pool in a STR market/luxury market.