I’ve worked with a lot of investors and property managers in both Texas and Florida, so hopefully, I can help you sort through the options.Florida VibesFlorida could be a fantastic choice if you’re leaning toward short-term rentals.

Personally, if I can hold with a little bit of cash flow but good upside appreciation over time I’d prefer to hold.

If you decide you need a third choice and didn’t choose them already.

If the community is well-managed and there’s good rental demand, a condo could be a solid choice.

They have the money so they get to make the choice.

A 1031 exchange is a smart choice for your parents, reducing immediate taxes to $70K (capital gains on $300K boot + $25K depreciation recapture) versus $148K without it.

I’ve been a serial house hacker in the greater Boston area so happy to connect and share some lessons learned.Multifams inventories are quite low depending on your budget and location preferences.  

There may have been better choices for a rental at the time.  

Yes, as I'm doing more research, I'm finding that I would prefer to invest in markets that I know personally, so as not to rely on external variables completely.

We would have preferred to work with them within reason to make it a quicker and easier process.