I can tell you property details about it that local amateur history buffs, the old farts who sit around and scratch themselves recounting their maudlin Alzheimers-tinged nostalgia about "the good old days" will never know.

Mothers old and housebound.

I am old school and most of my tenants are seniors.

We're keeping LTV low, taking more term on our debt than we anticipate needing, and have a plan that focuses on bringing the old leases more in line with the current average rates.We also run Downside scenarios to see what the numbers look like if we're wrong about room to increase or (worse) the market changes and results in vacancy going up and rates going down.Those are not pretty of course, but a large part of winning is being able to stay in the game.

@Nick R.Ask your CPA and 1031 intermediary but as a single member entity/LLC it can be a “disregarded” entity thus having the best of both worlds. 

@Mian Rizwan  The old addage "if it sounds too good to be true, it probably is" has become conventional wisdom for a reason.Unsolicited, non-secured. 

PLEASE HELPIn a perfect world, it is a good property to use the BRRR strategy on and generate income for all of us.

@Zachary LitwinThink about using your parents account if they are 59.5+ years old.

We pay 1400 in mortgage and rent it out for 1700 (which is VERY low for the area and we will be charging $1900-2100 next year, we were just in a rush to rent this time around).This year we bought the house we live in and owe 250k and it's worth about 296,000.I am 30 years old, and a stay at home mom.

Once you get over a certain amount of capital it becomes hard to effectively allocate it.If you don't run into that with 1mil, you will as you keep progressing.I think you owe it to the family to speak honestly to that.That's the reason most large institutional investors have a hard time in the SFH world and focus on larger, lower cap rate investments.