If you're local, check out this monthly REI meetup if you want to meet some other like-minded individuals and possibly find connections for your first deal... https://www.spacecityrei.com/events

Case law: https://cases.justia.com/california/court-of-appeal/2020-a15...In Owens, the landlord owned and lived in a single-family home located in Oakland, California, and rented individual rooms in the home to three unrelated tenants.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Hi Aj, thanks for your response. 

Thanks for the response.

Would love to finally understand this and would very much appreciate your (or anyone with a good answer response on this.) :)Thanks!!

That's better than the bank rates, it gives your parents a better return than what they currently get, and you take responsibility for the property.

When he opened an account with an IRA custodian, he had certain responsibilities, such as paying annual custodian fees and reporting the values of the assets the IRA owned annually.

Most initial responses are people with inflated prices (higher than market value).

I just hate coming out of pocket for this and I feel the tenant should be responsible.