Hard money payoff is around $63K and we put about $80K (with holding costs) into it. 

They should all have co-signers by the way if they are students.MTR or STR could be a great for parents coming into town and has worked well in some areas.

Ask your parents to add you as an authorized user on their credit card, then put it in a drawer.

He did say that better returns come with holding a portfolio of more properties.

so can't you just wire back the cash from your IRA/LLC to the original parent IRA account at the brokerage and then invest in 8 week treasuries at 5.5% or if lazy then buy USFR at 5.4%?

Always, always, always pay back your parents.

You learn to drive, you get shown by your parents, you read the drivers manual on how to drive. 

@Immanuel Pierre one thing I have seen people do successfully is to use one of the current tenants as the "house parent" and reducing their rent a bit for the added headache.

Without that you can be sued personally for any issue within it on your str.Its much harder for people to pierce the corporate vail and sue you personally if your property is owned and managed in a LLC .Financing is one of the only drawbacks as it is a commercial process and banks usually like to see 3 years of a decent tax return.We have 19 properties and all are in an LLC and in fact we only hold 2-4 properties in each LLC (all are owned by one parent company and done in one flow through parent company)to even further shield the liability that may/can occur on a property.There is no doubt you are exposed to higher risk on many fronts if an investment property is held personally.

Let's talk about markets first:I grew up in upstate NY and my parents still live and there are a few things that are true of both this market and Detroit:No one wants to live there.