It depends on your approach.

Depending on the jurisdiction and management of the case by the judge, you could be legally liable under multiple joint and several liability theories.

If it doesn't cash flow it's a flip, depending on your market as well.

@Ruchit Patel...depending on ages of the people in your family, the reverse mortgage is usually a tool to help with this type of situation. 

and i guess you can BRRRR your way to a turnkey - just depends what stage you buy it at, right?

You are just having them spend money in an attempt to trade realized tax deferred liability into tax deferred liability.It depends on what they need/want. 

Depending on how urgently you want to pursue, and how much of the negotiating you care to partake in, a realtor is gonna be a safe play.

Being specifically located in CA could help marginally, but you may also pay a much higher fee due to the higher cost of living (depending on which part of CA of course).

These can sometimes cover your entire down payment, making it much easier to purchase turnkey properties that you can live for a year and repeat the following year.Each strategy has its benefits, depending on your goals, risk tolerance, and how actively you want to be involved in managing your property.

It all depends on your situation.