If things aren’t fixed tenants can legally withhold rent or even sue.

Lots are withholding their plans, their moves, their listings because of this era of Covid. 

@Paul SandhuMy parents owned a small resort in the Catskills when I was a kid...you just summarized all the things I accidentally saw as a child but didn’t process till I was older.

Therefore want permission to skip with-holding payments.These govt types have no clue on the consequences of their actions.Unfortunately, there's more tenant votes than landlord voters and politicians can count.

The problem I see with holding your money in equity and trying to use it on a downturn is if the downturn is significant enough you may find that your equity line of credit goes away during a liquidity crunch.

I have a cousin that lives out of state whose parents that live in Detroit passed away. 

What kind of policy do we need for the parent - general liability is useless as the parent doesn't own anything other than membership interest in the subsidiary. 

JV with my parents! 

I am fairly sure you can't get a loan and you can't sign many (or most) legal documents without a parent co-signing.I got started in real estate at the age of about 13 by doing maintenance for 135 rental units owner by some of the richest multi-unit investors on the east coast.

Student debt along with a generally more frugal nature could keep them away from the McMansions of their parents generation.