RE  Mortgage banker etc.2. criminal and credit back ground checks with redacted personal info IE SSI. but you want them to know your not an ex felon or did not pay your child support etc.3.

Since I was a little kid my parents have been flipping houses on the side and some of my earliest memories consist of sitting on the floor of some random house while my parents painted the walls.

Essentially the goal of the program is to allow a child to provide a place to live for their parent(s), whom would not be able to afford the home otherwise.

Add: For the following year, we pivoted to MTR and LTR strategy since we found a good situation where our neighbors parents from out of state needed a place to stay close to them and the grandkids and has been staying at our place since 2023. 

If your parents have a long-term mortgage on it already when offer to manage the property while they're in the Floridas for a split of profit?

It’s hard to “optimize” a policy for a child, but the cost of insurance is so cheap, it makes a ton of sense.

Right now if my kids inherit my rental property it will be reassessed to market value and their property tax will skyrocket - it takes a while, maybe a year or so after the death of the parent for all that paperwork to go through the county assessor's office.

i cover pest control and lawn care on my stuff. keeps down on issues and i know the place looks good. for my student rentals i also build in a quarterly cleaning fee where my cleaning lady comes through and does a deep clean. extra eyes on stuff and parents happily pay it to ensure their kids have a solid spot. pass through cost for me and well worth it. 

. - The cost of two kids in child care exceeds rent payments, by at least 25% nationwide and is more than double that in 9 states (CCAA).- Book Recommendation: Long Distance Real Estate Investing.

My wife just picked up her license and we are trying to iron out child care now that she and I are both working.