However, if your father inherits and later transfers the home, it should qualify for a step-up in basis to fair market value, reducing future tax liability.If the goal is to tap into equity, having the trust take out a HELOC may be a better option, avoiding California Prop 19 reassessment, which could raise property taxes significantly.

You should vet the company to ensure they have the resources to pay the rent.You ALWAYS do background checks on the people living in your property because if you let in an axe murderer and they harm someone, you are likely to get sued.Whether or not you charge an application fee is up to you.  

Most folks start as leasing agents and work their way up from there. 

Quote from @Lindsey Buxton: Want to level up your passive investing game?

If the property appraises for $300k, you can borrow up to $300k.

Keep in mind I am servicing my own HML s  PS Its great you come on here and communicate so the rumor mill does not go wild.

In 2015 I bought a home in a neighborhood 3 mins from UCF, college rentals ended up on both sides.

Looking to make connections with property owners in NY and Philly for meet ups as well!

I used a heloc to purchase the first 4 rentals, so $155k of dept is wrapped up In  that until I refinance each property which have already appreciated extremely quickly given the current market. 

Yes, I’m a fan of harvesting the equity built up in properties.