To minimize time the property is vacant, have the Realtor coordinate with the existing Tenant for the last 30 days of their occupancy for showings so you have the best possible chance of securing a new Tenant without a break in between.I would love to know some of the details of your property, and do a rental rate check up to confirm you have the right price. 

I simply don't understand the point of SubTo when there is a many generations old existing legal instrument readily available for use.  

If there is an existing lender not agreeing in writing to accept payments from the LPO buyer, then you are in violation of the statute -- and it is a very toothy statute -- vs the seller/landlord side only thoughWe are getting ready to get one in place because the seller is demanding it and my client is the protected buyer.Yes -- you must vet your sub to buyers -- some should not be anywhere near a wrap transaction.Stay safe out thereAlan

Also for all the value they provide the number 1 thing they all exist to do is enrich the Guru and give him a captive audience to sell more stuff to. 

If your parents do not have experience and you are eager to learn, you should come up with a strategy with your parents so that you can start managing the existing portfolio and finding a way to grow it.First and foremost I would maximize the property as much as possible now.How well is it maintained - any deferred maintenance? 

Could you sell 1-10 of your existing properties and reinvest in one or two more lucrative opportunities?

.- Does the condo have an existing STVR permit or will you need to apply for it?

Only in community property states, can an LLC with only husband and wife as members elect to treat their LLC as a disregarded entity, which means all LLC income and expenses are reported on either Schedule C or Schedule E (as appropriate) as if the LLC did not exist.

Bottom line sub too is an advanced strategy that should only be done by Experienced investor with significant cash reserves or access to lending/like substantial LOC that already exist and can be taped at a moments notice. 

They are hard to find, but they do exist.