Next, I tend to recommend that clients stay away from inflated HOA fees.

I can or have already looked up citizenship, residency, taxation, crime, inflation, etc.  

Both of the members of the LLC we are hoping to do the cash out refinance for are also LLCs if that matters, so it would be distributed from one LLC to another LLC to hopefully the members pockets.Want to make sure that the money remains tax free the whole way and we don't have any surprises. 

You are definitely taking all the risk when buying from these sellers, especially if you only rely on the inflated ARV's etc that they provide. 

This alone is a significant factor in premiums going up (even when rates remain stable).  

For context, I will be assuming his VA loan at 5.1% and he will be doing seller financing for the remaining equity and sale price. 

Prices adjusting for inflation?

There are plenty of them out there that keep pace with or beat inflation. 

Your parents can look to reinvest the remaining proceeds into a DST, tenancy in common investment, NNN, that are passively managed.

It remains to be seen what the parcel by the airport now owned by the developers will become.Now what?