I had experienced that with my primary residence.

My logic is that if it was good enough to be in someone’s primary residence until they can't reside there any more, it's good enough for a refinery contractor to sleep on. 

I am in the military and have Florida state residency, but live in CA.

What I am really trying to get at is, how can I help my parents capitalize on this $500k of equity and also in return set up a property (residence/investment) for myself to have full rights to? 

I have purchased a few properties in my life and have sold just one of my personal residences, but am now selling for the first time a property I acquired through REI.

I am refocusing on potentially investing in the Memphis area (where I reside) and would love to talk to other potential/current local and OOS investors.Any helpful contacts that you might have would be greatly appreciated!

43 lot rentals- $150K Annual (~300 per lot)20 park owned- $150K annual$70K expensesWater/Sewer Resident paidCurious to get independent perspective and understanding of analysis. 

She is also a military spouse, and we are both domiciled in FL so we are exempt from CA income taxes under Military Spouse Residency Relief Act (and as documented in CA FTB 1032). 

This is what I did, rented a townhome for about a year while I shopped around and ultimately bought a short sale at a huge discount as my primary residence and for $0 again with the VA loan. 

Good Evening BP, I have a question about resident managers in New York State.