Your parents and you could probably use a really good Elder law atty in NY as well to look at how best to structure their ownership and passing to you.Nothing wrong with selling to a related party and completing a 1031 exchange. 

Yes the financial benefit is attempting, but I do want to understand all the legal consequences, including insurance issues before making a decision.

If you use a DSCR rental loan it could be as low as 3-6 months of time seasoning required so it depends on what product you're using to accomplish the mission/goal.The time frame isnt a legal requirement, its a financing product specific requirement as a guideline to obtaining the money in which you seek.If you had other scenario related questions feel free to mention them below or via DM.

He was basically Someone that was in their early 20s maybe a relative to someone in the coaching company.

Hello,For a new project in St Petersburg, we are looking for an experienced project manager.Management of subcontractors, crews, and site related construction activities.

It will familiarize you with the basic terminology and benefits.

Thanks folks, it seems like overall it doesn’t make the most sense to start an LLC for real estate purposes due the cost and complexity, with few benefits here in California.

You could also wWork closely with a CPA to maximize depreciation benefits and reduce your taxable profit for 2023 and beyond.

Also there are rules with past due notices etc. as well as it relates to this.If you were to damage someone's credit and then find out you were not compliant, you could open yourself to a lengthy and very costly legal battle. 

Help with Expense tracking and categorization: You can sync your bank accounts and credit cards to automatically categorize expenses related to your properties.