I agree on the professional partnership with my parents and I’m looking to discuss more with them to find the right balance!

There's no balance there.

I guess my challenge right now is to define the strategy and balance all the factors, such as job and population growth (value increase), cashflow (demand & supply market, interest rate, property tax, maintenance cost), and risk control (insurance etc). 

They may have just paid the entire balance that accrued at one time.

Once you purchase the property, you can look into doing a cash out refi to pay off the HELOC balance. 

For investors focused on socially responsible projects, this balance can attract support from communities and municipalities.5.

It’s a mix of strategy, management, and a little bit of chaos, especially when dealing with unruly tenants or trying to balance your budget while upgrading properties.

Johnson City could be a great spot for STRs, especially if you focus on hospital staff rotations, visiting professors, or traveling professionals, which would balance out any seasonal dips in tourism.For STRs, consider targeting weekend travelers exploring the Appalachian Trail, Boone Lake, or local festivals.

For instance, cities like Chicago are known for landlord-tenant laws that skew heavily in favor of tenants, and that risk should be baked into your underwriting.What’s your take on balancing short-term cash flow with long-term equity growth?

AND The balance on one statement is < 100 and other not enough to cover the first months rent and deposit.