Since your aunt and stepfather currently own the property, Proposition 19 doesn’t apply, meaning you won’t get the parent-child exclusion for tax purposes.

Almost nobody that wants a 3-bedroom has only one car, except the occasional single parent with small children, or solo professional that wants a home office and guest bedroom. 

I would introduce yourself to the parents (really all of the neighbors, it is a good thing).The parents will help keep the kid on the straight and narrow plus it helps show that you are a responsible STR owner working within the community.

They not only provide rental income but also offer flexibility for multigenerational living or housing for aging parents.

Again, I used my parents but this time only as lenders of part of the money for the down payment.

Recently I bought a home as I am bringing my parent to live with us we just need a more space.

My sister lives with my parents.

Ended up partnering with my parents 50/50 and actually was able to buy two properties the same month.

I manage my parents rental portfolio which consists of 1 mobile home park (20 units), and about 15 other houses.

A friend's parent?