Hey everyone,Just wanted to get some feed back in this situation where my parents possibly wants to rent their home out because they want to live in the city for work.

Now it is increasingly difficult for both parents working outside the home to afford "life" and the American dream.

Due to interested people who want to help, things like the audited financial statements can be donated or heavily discounted which would impact the bottom line numbers to get started.It would also require a lot more communication about the project, the repairs and upgrades needed and how things work for everyone in the long run than if I put the same info out here - most of the little guys who would fund that may have bought their own house before but that would be the limit of their real estate experience for the most part.I think the individual investors would be looking at smaller return in exchange for their cash along with the idea of doing something worthwhile - $2,000 invested for a cause they believe in @ 3-4% versus a CD at the bank on a number of levels.

I’m 22 and live in Miami beach, FL with my parents and girlfriend.

I have some savings and a uncle who is an investor who gave me some advice about real-estate but other than that i'm clueless, I live at home with my parents and I don't want to rent an apartment as i feel like i'll be throwing money away.

I live in Springfield, but I'm managing my parents' rentals in Corvallis, putting together three infill developments (OSU student rentals) for them and looking for $ to do more.

End of the year we have to file a  IRS - DOT  simple form 5500-EZ  as the parent LLC Is 100% owned by us (husband and wife).This form is also very easy to fill up.Good thing that the CA state does not ask for any formalities for this .

Second, my parents have been out-of-town landlords in a college town for years, and they have a carefully-constructed system that involves two key people - a smart and trustworthy handyman and a realtor - as well as a carefully targeted marketing system that greatly reduces vacancies.

My parents have one at their house -- now I have one; a dream fulfilled

I live in Idaho, but I do visit every other year.She has posed to me that she has the property in a trust and is interested in doing a reverse mortgage, but has found it cost prohibitive and she is also interested in leaving me with an inheritance.Her offer is to have me pay the $585 for the next 10-19 years while she lives in the home, maintains it and leaves it in the trust.My initial thought is that if I do it that way, I am making a good faith donation, rather than a business decision.