We are selling and doing a 1031 but it has complicated matters with my parents on the title because I have a second 1031 rolling (parents not on that title) and want to combine proceeds into a single replacement.

I am installing WiFi controllers for both thermostats so I can monitor and also purchase a cheap wall unit for their bedroom.

@Nicholas Ludwiczak -- sounds like an OK trade off, as you're in control of that path!

@Susan Maneck - Yes, eliminating your rent can be a huge form of "yield", living in your property gives you huge tax incentives upon sale and in New York you would rather avoid anything over 4 units due to rent control and rent stabilization complexities as a newbie investor.

Open up a credit card if you don't already have one, or get added as an authorized user on a parents if you can. 

Children will benefit more from a parent teaching them right vs. wrong than they will from a few extra dollars.

The last thing they want to do is step in and have to take control.

I am wondering if there are unique structures (parent LLC that houses various series LLCs for real estate and SB investments) that I should be thinking about with this.

I think we’ll see some housing policy reaction to this (rent control, removal of occupancy limits to create more beds for people to legally sleep in).

You provide the funds for a real estate deal, but have a hands-off role (which means you have no control).Hope that helps!