I was actually googling and saw this post pop up about safeguard so I figured I would jump into the conversation.

A person who has spent his 2000 to 4000 minimum CPA practice hours doing foreign currency conversions at Deloitte for a Belgian energy company may not know the first thing about real estate or anything else.

@Matthew Samson, The conversion into a rental and then 1031 can actually be used with the primary residence exemption as long as you watch your dates.Your parents move out for a year and convert the property to investment. 

I would suggest having a conversation to understand why they made the decisions they made.

But with the recent change to depreciation rules on overseas properties, perhaps Japan is worth exploring again.Sorry I don't have much to add, but I've been following this conversation for the past couple of days and figured I'd say "Hello!"

of those I like next door best because it is hard to fake and the reviews are easily tied to a reviewer in your community.The costs of ADUs vary significantly for various reasons including by ground up vs conversion, difficulty with lot (sloes, access, etc), finishes, and even the size (bigger typically have lower PSF).Good luck

It would lead to less conversions, just keep that in mind.

With the HELOC and then converting it to a term loan you will probably be paying higher interest and/or shorter amortization period on conversion which will mean higher monthly payments.

May I ask you to send me a message on LinkedIn so that we can have a conversation.  

Don't quote me on that, but it's easy to look up the IRS regulations.I recently had a conversation with somebody else who is planning to start an STR business.