I grew up with parents who did realestate, own a few properties and help manage a commercial property. 

Especially if you are now living with your parents.

This is another area where a professional advisor can be invaluable.Withholding Tax: Be aware of the FIRPTA (Foreign Investment in Real Property Tax Act) withholding requirements when you sell the property.

. - But I have a family member (Brother or Parent etc...) who is interested in putting some money into it.- Total start up costs (Down payment + closing costs, furnishing, getting started on Airbnb etc...) = 200k USD- Family member wants to put in 50k USD of the start up costs, but doesn't want to be on the hook for the mortgage. 

From my 6 years of living in USA, my observation, I have realized that in American norms, parents' well-being in not their kids' responsibility.

In the middle of a sale of my parents condo and it's been 5 months and we have not closed due to title companie's lack of communication, instruction and then bringing an outside attorney into the fold to assist that has dragged this on even further.

I am the agent for the seller as it is my parents, and we are purchasing. 

My parents owned a 1200 sqft (cool) ranch with 3 beds/2baths when I was a tyke.

What this lender  failed to understand was the taxes that showed as delinquent were from the previous parent parcel tax ID that no longer existed.  

His storyAt a young age -and despite having several siblings- he felt impressed that he was going to need to take care of his parents when they were older, so he went forward with that mission in mind.