(Sold house, moving out of parents house, etc) as for evictions, those will show up on a background check 

In the future (if buying commercial properties) you should setup a new LLC as the owner of each property, and the member of each LLC can be a parent LLC that the cashflow flows up to, thereby making each new property's legal owner LLC a disregarded entity for tax purposes, while providing you liability protection for each asset in your portfolio and the bankruptcy remoteness that Lenders will require. 

In many cases, you can’t just estimate the cost, you’ll need receipts to back up the withholding if it’s questioned.

Hey John,I have mentioned it to my wife, but I suggested to her that she should be the one to bring her family together to open that conversation to buy it from the bank, or buy it directly from her parents.

However, I can't afford to subsidize them if they decide to withhold rent during that four-month period. 

This property is a student rental, so would I also need to speak with their parents if their parents are paying for the rent? 

I was fortunately enough to be gifted a house back by my parents and now there is over $1M in equity in the house that's in the SF Bay Area.

@John Dais The TN Department of Revenue appears to state that it can qualify but the parent LLC has also meet the criteria (see quote below).

With the "Parent" LLC, I can then have "child" LLCs that will have the same operating agreement (husband and wife) as my "Parent" so that I can keep my buy and hold in the "child" LLCs.

So if you are making $100k, and netting maybe $75-80k after withholdings.., can you live on maybe $50k a year where you could have $30k+ a year to invest in properties.