Our PM company signs various ones for both our residential and commercial landlords with similar language and base pricing.

If you are looking at this property from a residential and rental perspective, then it may work as long as you are willing to put your own income into the property. 

As far as advising your parents to leverage the equity in the properties to acquire more deals, I would leave that to a professional familiar with the local market conditions and residential investment experience.

Mixed-use properties that integrate residential units, co-working spaces, and retail areas with sustainable design elements are particularly appealing.

Interesting that this seems to cover all property zoned residential, with no apparent carve out for a transaction of residential property between two investors.  

Cheney Realty, Inc.

I am a self employed residential general contractor.

If you'd like to chat more... maybe swap some stories over a decent cup of coffee... just say the word.Take care, Pat & JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

I would imagine you are looking for a quieter community, more of a residential feel, closer to Disney but not TOO close to the Rte 192 traffic and craziness.