My parents got divorced shortly after I was born but both of them rehabbed for the first 20 years of my life.

I spent a good bit of time yesterday putting together an application and lease, but was struggling with how to deal with the parent guarantor piece since I will likely end up with college students.  

Coincidentally I'm 15 and I can tell you from experience that it sometimes takes a while to figure out what are parents are really after.

At the same time, you don't owe it to anyone to compromise your property or the safety of other tenants while someone is still using.There's probably a reason why he's moving in with his sister, and not at his parents.

In the Future, when someone decides to sell, the LLC will need to be in Good Standing, so if you miss any annual payments and have to reinstate, your gonna have to add even more in penalties, etc to the $300.00 for any year(s) that were missed.2) More a Important, In Maryland, the title companies have to withhold an amount equal to 6% of the purchase price if the owner is either an our of state resident, or if held in an LLC, if it's an out of state LLC.

They were looking for a place that an aging parent or a kid in college can live next door but still have their own place.

My parents did that strategically during this last downturn: sell at the top, take the tax hit, hold the cash, buy at the bottom.That is what makes this decision tough, we may not know what the best option is until after we have done it.

I'm looking to start with hold and rent as the market isn't conducive to fix and flip, with certain exceptions.

Hi Amanda, I inherited a property in Patchogue that my parents had bought 20 years ago.

I first ran this comparison against one of my parents rentals where they have had the same renter for 5 years.