If you have rental(s) or plan to get one and want to decide between long/mid and short-term rental strategies taxes do play a roll if you have high W2 income you want to try and reduce you tax burden. 

Any overage would be due to the borrower or another lien holder. 

BrendanWe typically use a third party servicer as its around $35/mo per loan and they also handle the escrow and end of year tax forms.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Or even missing out on securing a better deal, higher price, or greater return but did not do so, often due to a lack of negotiation or oversight.

I will, of course interview and do my own due diligence with these companies, but I just wanted to get an idea from everyone that could possibly give me a heads up on who's great or who to stay away from.

You will get some cash flow, appreciation, and tax benefits along the way.

You have taxes and insurance so that pulls another $100 per month- so you clear $600 per month. 

Maybe you could get your City Council members to contract with lead pipe replacement specialist contractors and just add it to your city taxes or something???

That means either you won't cash flow or your Return on Equity (ROE) will be terrible.Since this is your primary residence you'll be exempted from paying capital gains taxes when you sell.If you sell to your parents, it will be considered a non-arms length transaction and will get closer scrutiny.