@Stacy TringThe only thing this plan is certain to accomplish is to split the family.

I have a plan and I'm not sure if I'm going to the right direction.

Is your goal to keep these properties as a long term hold, or are you planning to sell within the next 5 years?

@Carter Buckingham If you're planning to purchase a mobile home in the community where the land is rented, you'd have to check first with the park manager and/or owner to see if you can move forward with your plan. 

This will potentially also impact any note buyers that plan to buy the notes.

In, more importantly, a GENERAL ESTATE PLAN IS NOT going to do anything for you to protect your assets since it is just an estate plan, not a asset protection plan.

Plan for it, budget it, or don't get into REI in 2024.

In our previous example of $4k net monthly income the disbursement would be as follows: $4,000 Net income$1388 principal loan repayment to majority partner $1305 (50% of $2612) to majority partner$652 (25% of $1305) to each minority partnerAs your parents, they might not require or care about the same rate of return, or a return at all (except the equity position) especially if they're planning on utilizing the property for personal time.

I plan on buying another investment Airbnb property in Florida soon. 

HELOC then you can use the equity for another deal but I would only use it if its for a flip or brrr or possibly if have a plan to pay the heloc off over short period of time.