Quote from @Jarret Jarvis: Hi Anca,It sounds like your parents are in an exciting but complex situation—kudos to you for helping them navigate it!

In 2022, we also bought a gutted 56-unit apartment complex and fully renovated it in 14 months (over $2.25mm in construction)!

Having a group of friends living in an apartment complex creates a sense of community and reduces turnover.

we just managed to get ong to run all new lines and separate meters for our whole apartment complex at no cost to us. 

It does share similarities with annuities, but the structure is designed for a specific audience:Property Owners: Typically those who already own income-producing properties but need liquidity for renovations, debt repayment, or other opportunities.Investors: People seeking exposure to real estate cash flow without the complexities of direct ownership, especially those already familiar with stocks or REITs.Again, the idea of the model isn’t for everyone.

When I asked him about this he said it's a bit complex.

What adds complexity to our plan, is that we live in Minnesota.

However, full site visits, though more expensive, maximize tax savings by capturing every depreciable asset and offer better audit protection.While online studies may be suitable for simpler properties, full site visits are ideal for complex or high-value properties.

We manage three large apartment complexes in two different submarkets in Indianapolis. 

I’m weighing two options for our housing situation and would greatly appreciate your advice, given the complexities involved.1.Renovate and Buy Another Property•Invest to renovate our current home adding a bedroom to the house given our family outgrew the house.