Say you're making up another doll of his mother.

You can find the occasional home with a separate entrance unit ( mother in law suit).

However, we eventually found a useful strategy of renting to Traveling Nurses on short term leases.

I am hoping to start my real estate investment journey with a couple of condos that my mother currently owns in New Bedford, MA.

Depending on how old your dad is, or what his health condition is like, planning specific to retaining wealth through old age/nursing home, etc. might also make sense.

He reached out stating his mother has come across a large sum of money after selling a property she was gifted.

I had a client purchase a single-family home where the previous owners had converted part of it into a separate mother-in-law suite.

Purchase price: $73,000 Cash invested: $20,000 Full cosmetic rehab of a townhome style condo, that will either be used as a medium term rental for traveling nurses or flipped.

Regarding finding tenants, you could go the traditional route, through roommates.com, or through a travel nurse site to leverage a couple different strategies.In my opinion, I think househacking is very different than a traditional RE investment.

I bought my first home lived in while renovating and now im getting a roommate. depending on where you live you can get travel nurses, military etc