If you are over for a bill period it's likely minimal and then tenant can probably absorb that amount in the monthly payment.

Because real estate syndications give you the ability to pool your funds with other investors, you are able to get exposure to this asset class, without a seven-figure investment.

The best ability to do that is to make sure that CPA and tax pro knows the tax code and stays up on the tax code through out the year(s).

Is there a better way of helping my mom/and I out without a bill of sale (quick claim deed?)

I love the ability to take an apartment unit building by increasing NOI, therefore increasing the value and flipping it back to the market.

I have seen bad damage but never a bill anywhere close to that.

Yes, it can work on your primary residence if you have the ability to rent any of it out.

I do not feel confident in my ability to see all the pros and cons therefore I'm not sure whether this is a deal worth pursuing.

Quick definitions:- Mother-in-law: simply means the basement of a home has a kitchen, separate entrance, and a dividing door or something like that- Accessory Dwelling Unit: means the city has approved the ability of the owner-occupant to rent out a portion of their home.  

Then build MULTIPLE streams of income, the type of income where you earn even while you sleep, month after month, year after year.Top that off with the power of compound interest, the ability to leverage other people’s money and the multitude of other benefits of owning cash flowing real estate and it is easy to see why real estate is responsible for creating more millionaires than any other asset class.BUT (and this is a huge BUT)…many of these benefits are almost exclusively reserved to those who actually OWN (or at least control) the real estate.I’m sure others will have differing  opinions.