Buying OOS just adds several layers of risk for most people and most places. 

Quote from @Chinku Chinku: Got a townhome in suburb area of Houston for long term rental close to katy mills (<5miles).

I think most people would agree that a single family home is better than a condo for a long term rental.

If you can find a fixer at a good price, with room for an ADU, and the comps are good, then you have a deal.Are you planning on flipping or long-term holds?

If they pay then no need to take next steps but if they don’t then at least you’ve started the (sometimes long) process and are ready to move on to the next step (eviction).

Thank you in advance for helping me navigate this decision.I have a long history of fix and flips in several states and the first thing I want to point out is that you make your money in the "buy".

First off, apologies if this post is too long or has too much information for a first post, I am just trying top get as much put there in hopes it connects with as many people as possible.About me.. 

Hello everyone! My name is Dillon Seal, and I’m excited to join this vibrant community as a new real estate investor. I am keen to learn from the experiences of seasoned professionals and collaborate with fellow inves...

A 1031 Exchange is possible for your parents’ situation, as long as they reinvest the proceeds into like-kind investment properties.

Is it more profitable than long term rentals?