I.e. a property in a lower income area will see heavier and more frequent turnovers.  

What are your plans on cash, are you pouring them back into the business, planning to sit on a pile of cash just in case, or are you siphoning money out of the business hoping to draw income that just can't be supported at the moment. 

I would then get an EIN and a bank account and transfer the funds in order to close on the property and then use as an operating account for the income and expenses so everything can be tracked.I have done deals in a similar fashion as a partnership. 

If it's a rental, you can structure the loan so that the monthly PI is lower than the rent income.

Rental income is collected by parent A and parent B.

Commercial insurance might go down but you'll lose the income from the lease so I'd imagine you'll end net negative. 

Quote from @Kelly Farmer: My experience:Bought: March 2021, $64,900Sold: April 2024, $48,500 - $5,000 (agent fees/closing fees/etc) = $43,500Rental income (rents - expenses): $5,600Average annual returns: 2.9% (approximate)Net loss at sale: $15,800Positives:1.

The best way to get into real estate is by keeping your regular job and using that income for a down payment and to qualify for a mortgage.

My issue is that I come from a low income background and have fought my *** off, pardon my language to get to where I am now and comfortable.

The idea is to get as much as possible using the equity and pay the rest with our income, with the goal of long term wealth building for financial freedom.