My friend suggested for me to try owner financing then to rent it out or turn it into government assistance housing.

Rent Reporting Service to credit bureaus for the debt is effective and simple, pro is low cost, set and forget and high success rates, con is while you can report all unpaid rent you can't report damages unless they are quantified by an order from a landlord tenant board or small claims court.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Does anyone have suggestions for a solid reputable company that conducts home inspections in SD county?

I would say I have a simple tax situation, personal returns for me and my wife and now the sole member LLC.

One thing I’ve noticed is that the Midwest in general offers strong rental yields compared to coastal cities, where property values tend to be much higher but returns are slimmer.As for local networking, I'd suggest tapping into local real estate meetups, the local chamber of commerce or investor groups.

As Bill suggested, one way to handle this could be for your parents to pay you as a contractor.

IF we don’t believe MTR are a marketing/investment/real estate strategy onto itself then we have to consider MTR as either part of LTR or part of STR.If we consider them LTR (furnished) as has been suggested above, we a few problems with consistency.  

Thank you for the great suggestions! 

My son is getting ready to buy a new house and this was suggested by an agent.