Here's a link to the latest AZ Real Estate Investors Assoc. newsletter, and Padsplit has been running ads every month with their latest total stats (February) in town, on page 4 here. 

Thanks,Robert Robert,Would either have to look into some kind of a Quit Claim Deed to transfer it into your entity, or just fully refinancing either cash-out if you have any equity, or doing a rate and term refinance where you just transfer the existing debt in the property into your LLC.Payments could go either way, by being a member of the LLC, any rent payments could be linked to you pretty easily.

You need to drop the issue with your parents before you damage that relationship.

Doing it this way will allow me to qualify for one of my other rental properties and assume the mortgage at the existing 3% (DTI issue) 

Does anyone see any legal or accounting issues with this plan?  

The builder has corrected grading issues twice before where there was standing water in my backyard, but it looks like the issue was never resolved.

Side Note: Up front capital from my side is not an issue for down payments, and leaning towards the fix and flip strategy to build some cash and roll into a 1031 to ultimately get into the multi family space.  

I looked at tampa but it's more of a suburban market. miami has over 21 zip codes you can go up to 8 stories in because of the affordable housing issues and it is the only city in Texas and florida in the top 10 most affordable housing needs ranked by city. it's not even close. 

None of this is true in todays market though, you pay more per month to buy than rent anywhere in our area & frankly the country at this point, so it takes time for both having bought to be worth it and to move out and make cash flow, there are very few if any properties that are “value add anymore” I’d know because I look At 17 counties daily for deals & if there’s one I’d have bought one, heloc’s are bad debt ar this point, usually double digit debt, again all of these issues are solved with those but if your gonna live somewhere for a year or two he would probably rent and no amount of realtor ******** changes that, this market is different than a low interest rate environment and people owe thier clients at least to properly explain that to them.

Hey @Eian Trenkle, I'm actually dealing with the same issue on a STR of my own.