Adding onto this, I like seeing what the as-is comparable properties sold for cash within a .25-.5 mile radius from your subject property. 

I'm a property manager and rental property owner and it's something that we deal with very frequently.

Also, a little capital can be subjective depending on a variety of factors.

The difference is that Realtors are subject to laws that the state puts in place to protect consumers from shady operators - like wholesalers.The license exam in Mass is shockingly easy. 

There is a huge difference between a good property manager and an ok one, and even more difference in a bad one.If you are the type that likes to research a subject and go all in then you wont need a manager, until you have enough doors that you have to start watching the changes in Fair Housing Laws and State and County, and City Laws. 

However, definitely consult an attorney on the subject as well as you go creating your entity structure and paperwork.Perhaps, this might be a good read https://www.biggerpockets.com/...

Private lenders generally require less documentation than banks, and some private lenders don't even require a full appraisal (more often the case with private lenders that are very familiar with the location of the subject property, and can perform adequate in-house underwriting).3.

This equates to more days that the unit will be rented, and it will also eliminate the leasing fee from the PM company every year (if the tenants stay more than one year).Everyone has a different opinion on this subject.  

@Ginger CarrIf your parent's only income is $25,000 a year, they may be able to structure it via installment sale and avoiding paying taxes.There are some risks involved with an installment sale as they have to be on top of the buyer making payments or having to foreclose.But this strategy might be able to avoid federal taxes and net investment income tax.They may still be subject to state taxation though.However, the best approach might be for them to hold onto the asset and allow it to pass to you with a step up in basis(if it is still around).

There is at least one BP Podcast on this subject.