Given your situation, a multi-member LLC could be the safer choice to keep things straightforward with the property transfer.

Both are terrible choices NYC, super expensive and high taxes, and TERRIBLE landlord laws.

If they refuse, then you have two choices:1.

Whether you plan to rent your current home or buy a new property, the choice depends on your risk tolerance, cash flow goals, and lifestyle preferences.

If this works well we could partner up in other deals Is this beneficial for us to partner although the house is running and making a profit?

I know I wouldn't have bought it if it was my choice, but it's been passed on to my parents and so I'm just going with the flow here and looking to help them defray the annual costs as much as possible.

It’s a familiar debate, as Californians have faced this choice twice since 2018.Under the 2019 Tenant Protection Act, rent hikes have been capped at 10% per year or lower if inflation rates dictate.

I think if done right it can be beneficial.

@Mark UgarteLiving next to tenants can be beneficial for landlords, providing proximity for emergencies and property maintenance.

It seems like there are a lot of choices out there so I am looking for anything that can help me navigate making a decision.