I've been looking into investing out of state as well.

First of all your parents have to be on the loan as well. 

I've heard this one too many times as well, and I agree.Most regret selling but never regret buying and holding.

I know we have several of these companies on the west coast and I'm sure you have some in CO as well.

Is there any allowance for time and labor for the owner completing repairs, to bill to the security deposit as well?

This seems like a costly fix, as well as a rental safety concern- The basement leaks, the basement is below ground and built into a hill, and there is always stagnant water in certain spots of the basement floor regardless of amount of rain, which only makes it worse.

I tried to tag @Steven Bond and @Michael Biggs  in the original response as well!

Looking for efficient ways to hold title while maintaining recommended safety nets as well as any other recommendations regarding LLCs/Trust/estate planning tips.

I’m in Jax as well.  

@Kiefer CheneyTo do well in real estate, learn well, set clear aims, gather a team, check out deals, pick a main area, go for it, keep on track, and learn from slip-ups.