You can structure it as an LLC or joint venture, which offers clearer tax and liability benefits.Your son doesn’t need to be on the loan or title if he's a silent partner, and you can manage the mortgage, credit, and insurance.

I would be happy to connect you with a Investor Brokerage and Full Service property management with a local team in Houston.

I would designing, renovating and managing the property.

I'm always surprised how expensive Portsmouth is by comparison.May I ask how much you plan to DIY the property management? 

I did as she asked and managed to book 6 of the 14 nights she had cancelled.

There are tons of articles and Youtube videos to help you with setup and monthly management. 

In the 65 units we manage we have both. 

One challenge to manage is being able to clarify for lenders on those rentals (if you have them) which amount of the premium should be paid for each rental so that they do not include the entire premium into their escrow analysis, inflating your monthly payment on that rental. 

., co-managing or contributing funds) could make the LLC or its profits community property, affecting future claims or division in a divorce.

I'm a local real estate broker, investor, and manager (100+ rentals, mostly Airbnb/STR and multifamily).House hacking is a tried-and-true method and in Sacramento you can produce some meaningful income while enjoying the appreciation and tax benefits of owning real estate.