Why do you mentally shut this door? 

We do manage more than 2000 doors in the greater Sacramento region.

A market rent of $2,700 for a house worth $450,000 seems like there should be room for rent to run up in the coming years.

Becoming an assistant first sounds like a great idea, can get your foot in the door and help understand how things work. 

I signed up in late July and my Facebook ad started running on August 1, 2020.

State run?

@Todd LandryWhat kind of ad are you running?

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

U want your parents to talk to their CPA FIRST.. if they go the development route they are now ( depending on the amount of units) creating inventory.. which will be taxed at ordinary income rates ( very HIGH)if they just sell they can 1031  and move on to something else.. many times when you run the math consider the risks of a partnership.. the sale of the land is far better than thinking your going to make some profit.. 

This could create a bubble or even worse, run away inflation.