I personally like the BRRRR strategy - it's not easy to pull off but it's simple and it works in theory. 

Personally, I would focus more on the long-term cash flow of the property rather than worry about your parents living standard.

You could use an LLC, Trust, personal name, etc. 

You need to be able to talk with strangers over the phone or in person to build rapport. 

We are a boutique firm in Chattanooga and every agent in our firm is personally involved in either real estate development, owns investment properties or flips homes. 

@Kenny Hardcastle I did some research into solar for my personal residence in CA.

Business Continuity: If you invest with partners, a properly structured key person insurance or buy-sell agreement funded by life insurance can ensure a smooth transition if one partner is no longer around. 

I love her and she'll be a great person to connect with.If your property is not listed on MLS for rent when it's in Lincoln Park one of the A neighborhoods in Chicago, that could make a big difference.You want an agent who will list it for rent and sale some one who knows the investment space...you've got some great agents above to connect with!

The factors to consider are your overall objectives, your credit score, DTI and personal financial condition I recommend you find a broker or originator whom you can trust and have them weigh your options.

Other companies have come in person to do it.Every year, I get new 4-point inspections on ALL of my properties and send to my agent to re-shop my insurance rates.