Rental income is typically subject to taxation, and you may need to report the rental income on your tax return.

You need to know what is typical for that sort of asset in your market.

@Terri B. it's typically overkill to try to protect an asset by leveraging it this way. 

When I calculate an offer on a property, I typically look at the potential rental income and subtract from that all operating expenses such as taxes, insurance, management and maintenance.

They focus on building a large volume of new construction "build for rent" homes.SDIRA Wealth is essentially a team of real estate developers specializing in building new construction properties across various markets.

That happening while everything is hunky dory in the economy, news, world, is essentially impossible.

I know financing a mobile home with typical methods (conventional, DSCR) can be tough or entirely infeasible so way to get creative!

A reverse mortgage can be paid off, but the parents may have trouble obtaining financing as typically a reverse mortgage is received when borrowers have trouble making monthly payments and have little income but lots of equity.

There are nefarious people in all of them that are looking to take advantage of OOS investors:(Typically, they try to sell you a Class C or D property, dressing it up to look like a Class A or B property.You don't really have to worry about that in the suburbs of Detroit, as most of the areas are Class A or B.The City of Detroit has 173 Neighborhoods, 104 of which we've classified as A, B, C or D. 

It's essential to work with a knowledgeable real estate agent and tax advisor to ensure you are making informed and strategic investment decisions.