Yeah I was shocked at how easy it was to get approved through CapitalOne, I’m grateful I have focused on building my credit score since I was young.I agree it’s an overly complicated way to do RE investing.

A few things to consider: are you increasing rent each year to at least try to recoup some of the additional costs (everything goes up, so why should the family member not pay more-if it is your parents, it is more complicated), how much has the condo appreciated over the last 3 years since you bought it, and what would you do with the money when you sold?

As also written above, figuring out who has standing can get complicated. 

This would be the most expensive and complicated option and I would not recommend it unless the other options are not possibleIf you have any questions on the above or would like to know what carriers we use in NY please PM me.

I mainly invest in SFH because I think the appreciation and total return over the next 5 years is better than MF and it’s actually less complicated but I know it doesn’t cash flow AT ALL and it’s ok, I’m building long term wealth not cash flow. 

It gets really complicated at that point.

I've raised millions of dollars of capital and built a $16M portfolio without ever having to do a complicated syndication.3.) 

All you will do is complicate your life.You are the owner, you are the landlord, sign the lease.

Real estate in any form simply is not that complicated and you would spend less just paying an attorney by the hour to fill in the holes for you or  a really good RE broker.

Yes I have been playing around with QBO and finding it overly complicated and tricky to setup for STR..I will keep playing around with it but will also check out some of these other suggestions:)