I majored in Finance at the University of Arizona and currently work for Vanguard as an investment consultant. 

Ready for the next deal, marketing consultant in the slack time, and paying attention....

Well we consulted a lawyer and began the process through him only to run into a major hurdle - we have been instructed by Wells Fargo, the lender on three of our properties, that we are not allowed to place the properties in an LLC and if we try to do so they will trigger the due on sale clause.

You also reduce the risk of losing your parent's money and both you and your parents will have a better chance of making some cash.Alternatively, you could find a deal and ask your parents to consult with an experienced financial adviser if they should invest their $60,000.00 with you in that deal.

I am also the real estate consultant for the HGTV show "Fixer Upper" so alot of my interest is within that niche.

I have friends who are consultants, the road warrior type.  

If the transaction is to be a flip, and you do that type of transaction with any regularity, the gains are subject to unrelated business income tax (UBIT)Reference IRS publication 598 for the above topics, and be sure to consult with your tax advisor before proceeding.Even with such tax exposure, you may be able to garner better net return on investment for your IRA with this type of transaction, but you want to understand that going in.

Since this a long term lease with significant financial ramifications I would recommend you either consult with your accountant before negotiating the lease if you can assess the real estate information on your own and or hire a reputable local commercial broker to help you assess both the real estate data that will provide you with the information to make informed decisions when negotiating the lease. 

I am a management consultant who has been able to save about $50K and am looking for help and resources on the best place to buy rental properties to maximize the investment long term.

Consult your attorney."