I don't think either one is a Turnkey Company.

You might look into that if you’re thinking RV Parks.

I am helping him think outside the box of ways he could accomplish what he wants to do. 

To make a lot of money as a PM, I think you've got to make compromises that I'm simply not willing to make. 

I don't have a network of investors I am part of, and honestly I don't think these properties are especially well-suited for an investor.

If it's an investment property, then I think your best bet would be to move the property into an LLC with you and your parents.

Really helpfulDo you think HELOC can workout for turnkey investment or other loan types?

@Jagan ReddyI'm not a CPA or a cost segregation specialist, but I do know that if you are not designated as a  real estate professional, then you can only offset passive income by your passive losses.Qualifying as a real estate professional is more challenging than most people want you to think.

Also tax and municipal liens typically survive foreclosure (so think code enforcement liens for not mowing the lawn).  

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.