The first is my parent's house, located about 1.5 miles from ours.

I would like to withhold a bit to fix up the properties and to retain a reserve to pay for repairs, unforeseen expenses, etc.As I live in Northern California, I cannot afford property in my primary market.

An 8 plex with one empty unit that has 21 or 25 parents and kids there can be pretty busy, loud and such concentration will make it harder to rent the last unit.

I caught my parents kitchen on fire which was a grease fire.

I grew up with parents who said to always have 6mo PITI reserves and to never sell a house once I bought it.

What my parents did to there corner lot was to move the garage to the other side.

If you have just one property, in a small community like that, IMO there is nothing wrong with holding property in your name so long as you have it well insured, keep it in good condition and act prudently.

You sell it to your kids once they are old enough through a parent-child transfer.

I will check with my husband, but I believe he still has Moscow residency (through his parents address and company).

Plan was try one property likely in Phx, use it to build a network/team myself through personal visit and through family/friends (parents/uncle own vacation homes there and I have friends there).Now I am looking at investing with a "ready-made" team and focusing on fix/flips, which is my preference actually and would likely do if I had feet on the ground.Either way, I will walk before I run over there.I might be crazy, people tell me I am, the world is coming to China whereas I have moved capital out.