I am learning the hard way that 2 bedrooms appeal to single parent families and students, 4 bedrooms appeal to dual income, or students.

My parents had a couple of rentals and I know people who have been landlords for 30 yrs.life styles is a good place to start if you have no knowledge, they will give you the tools necessary to succeed. 

However, I think it's worth noting that while the profit margin is lower, your ROI as a percentage, when using Other Peoples' Money (OPM) regardless of whether it's a hard money loan or your parents' trust fund, is higher because your investment is much smaller.

In our culture, the parents work to support their kids with the expectation that the kids will one day take care of them when they are old and need help.I was just wanting to seeing others' perspectives in this community.  

Get insurance lined up well before closing so now would be a good time.You need a landlord policy, slightly different (and usually cheaper) than a normal homeowners policy.I have been super happy with USAA for our rentals - if you or your parents served then you can get USAA, they are set up to work with landlords.

Since I'm not a US resident, it was agreed that the title company would withhold 15% of the sales proceeds, and I would pay for prepping FIRPTA forms and remittance. 

When my parents bought their last house, their agent said she was "embarrassed" to present their offer.

If you lose your home, apartment and or vehicle move in with your parents no matter how old you are or how old they are.

Also, parents!

You'll also want to ensure that your realtor or escrow officer is familiar with the required CA withholding as part of the escrow process.