Hi Alya, I've personally done a lot of STR and MTR for my clients so I have a lot of experience with this.

Like for me I have a business I enjoy that produces active income I don't see myself stepping out of anytime soon, so I am prioritizing the nicer areas/properties that might not cash flow as much right now but will in the future and provide me with good depreciation to offset active income right now.Just such a personalized thing that doesn't have a one size fits all approach.  

Either a personal residential home or an investment property? 

Hey everyone,My parents have recently told me that their house is too big for them (4 bedrooms) and they would like to downsize to a condo/townhome.  They don't want to sell their home, however, but would rather keep ...

Quote from @Diran Deukmajian: State laws vary, so you should talk to the Sheriff's Department and see what to expect.In most states, the Sheriff will show up and expect the person to be out.

@Zachary Harr Personally I’ve researched other markets and have decided to just stay locally due to the headache factor of managing teams long distance.

Like you said, a real estate attorney would be a valuable person to talk to, but here's what I have: Considerations: short/long-term rentals, co-ownershipTo keep your favorable mortgage rate, you can consider a Joint Tenancy or Tenancy in Common agreement without refinancing.

I understand if this person is renting the whole apartment unit, but how does the ESA works out in shared housing?

I have a few partners, but went over budget and personally funded the remaining construction costs.  

If it was my first, I personally would flip it.