I'm a CFP® that works exclusively with income property owners.

If so, you may want to contact a tax or estate planning attorney for advice on how to preserve your parent's property tax basis by using a parent-child exclusion from reassessment. 

Also exclusive to the county its impairitive you show up to court on time as they call the cases quick to expedite them and if you miss when they call you will need to refile. 

This is straight from the Chicago Association of REALTORS website:A reminder that the Chicago Residential Lease, and all of CAR’s forms and contracts, are an exclusive member benefit for use only by Chicago Association of REALTORS® members or those who are party to a transaction facilitated by a Chicago Association of REALTORS® member.

We opted to continue renting exclusively to students for the next year and consider a pivot to medium term rentals afterwards.

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

@Neil Tollner  Rent it for 2.5 years then sell it before your section 121 exclusion expires.  

Hey there @Shant Gharibian, I'm a newbie like yourself and from CA as well, am about to close on my first deal in the Memphis area, looked almost exclusively in suburbs like Cordova, Germantown and Bartlett, as I'm looking to buy/hold. 

As Bruce mentioned above, the criteria for those are exclusive of each other.

I used the traditional MLS exclusively, which can work but its slow and competitive.