Long term lease sounds good but I hate to get stuck into a situation that is beyond my control. 

There's plenty of brokers who are members of this website whom I was hoping could answer my question since this forum is for questions.I'm just starting out as a property manager for my parent's property, which has a backhouse unit I recently renovated for them.

Quick summary: My mom's mortgage keeps going up because of taxes and shes struggling to make payments. She has two tenants but is still struggling. The house for sure needs work but is in a great neighborhood with app...

Since it is valued by its NOI that keeps the prices from going to out of control. 

However I see that if you can structure this deal correctly you can qualify for a long time capital gain.Tips to get capital gain treatment on the sale: A) If you have actual investment property and you are dealer: -Maintain separate book-Document intent to hold the property as investment property in Minutes or other document-Report expense as investment expense on tax return-Also use separate entities.Using controlled entity to get capital treatment on land:-it is important that the sales price reflect the property's actual FMV at the time of sale. the formalities of a sale must be observed.

if you have insufficient "self-control" (i.e. why there is this pedagogy to have many bank accounts and same with REI where you have percentages for capex, etc.), then you may need to have a separate account to "sweep" the money away. 

I know many parents believe it to be socially/morally acceptable/responsible to pay for a child's college.

Investors are losing control of their personal property as government decides what you can and cannot do with it.

My lease says tenants are responsible for ordinary pest control, which would include birds.

This book will help you be much more successful in every negotiation.Example: A tip I learned from this book helps me control the conversation, decrease the pressure and get rid of an angry tone from a person who is upset for any reason.2.