Consider my own situation: should my mom take in a roommate to help manage costs in her big house?

Hi all, My mom's land lord died and his kids are opting to sell the home.

This can lead to leak in ceiling right as you walk into a unit.On certain centers being sold lets just say some developers ( talking in general ) are know to put up new centers that might like pretty on the outside but are built like junk and then put in lots of mom and pop tenants who have high risk of going dark.

The mom recently told me that her adult son is moving to the United States from Dubai and will be looking for a job here.

I owned over 200 homes in south Jackson all Section 8 I had ZERO men as my tenants 100% single moms.. while I would love them to buy homes my interaction with them is the majority or 2nd 3rd generation welfare and really have ( as you rightly noted) no real sense on finances other than how to get the handouts how to work their cells phone etc etc.

If your wife is a stay-at-home mom and is involve with managing the rentals you may want to explore Real Estate Professional Status as an alternative tax strategy or along side your STR tax strategy.

I believe in the power of mom and pop multi family How did you find this deal and how did you negotiate it?

@Teague Anderson under your scenario the bank would ONLY refinance the lien from your mom. 

I believe in the power of mom and pop multi family How did you find this deal and how did you negotiate it?

And when you state, “to be boots on ground,” does that signify that I go to speak directly to eithe Vacasa or Evolve and ask to be, “boots on ground,” on their behalf to gain experience?