We don’t feel great about it for various reasons, namely it’s a liability, an eye sore, and we don’t know of all the problems this could present.Has anyone had this happen?

Hey Gustavo, The double taxation issue will likely be experienced by someone in your situation without the proper tax professional involved.

Just wait until you or someone you love becomes disabled and you'll find yourself viewing those funky features with new eyes.

If the numbers work, I think it makes sense to do it while you are still there, learn, build systems, have a handyman, and then have your parents be your eyes and ears, not a PM.

It would save about $230/month and involves about 5k in closing costs and fees.

I don't know how we fix crime and schools without getting the Goobermint involved, which rarely works....Unless we gave tax breaks and incentives to builders and investors like us that would encourage us to take bigger chances and go develop some of these down-and-out areas......it's worked before.... 

Bringing your family along also puts a serious damper on that the primary purpose of the trip was actually for business - not impossible, but in my eyes it definitely taints it in a way that you really want to ensure everything is buttoned down on the business purpose and the actual business activity that occurred.

I am happy to review actual performance for any listing that catches your eye.

Hi, My name is Dorien, I am an experienced investor involved in wholesaling, to include all types of real estate development.  

For the better part of two decades I've been involved in real estate in some capacity including but not limited to: mortgage & real estate broker, developer, project manager, STR owner/operator/manager, international investor and beyond.