My plan was to have 1 per child to help pay for college. 

At the bottom of the property is a manufactured home where his elderly parents live. 

I completed my first deal with my parents 3 years ago. 

Parents, friends, siblings?

Your parent will pay tax on full 350k.

Now we have a ton of extra capital freed up, free to invest with no penalties or restrictions, which generates tax free cash flow that we can use on whatever we want NOW.My parents just turned 60 and are starting to withdraw from their retirement accounts.

I work, have a child, husband and my own home so I have to make very intentional and well thought out actions.

Went to the clerks office and they can search further back but they tell me they cant find a deed in her grand parents name dating back ever.

As well as a ABN corporation under the parent corporationCan any one advice me on this?

For example, if one of the tenants has a visitation agreement for their child where the child spends every other weekend with them, then a walk-thru bedroom might be workable because it is only a bedroom a few nights per month, but they NEED a bedroom of some sort.