With the $ my parents make on the sale from me, that $ would be transferred to my name and I would use that $ to purchase a new primary residence for them to live in and help reduce their initial mortgage payment.

Not an accountant or cpa but there are many ways to reduce taxable income if you have a business such as paying kids to do some work and make sure you account properly for expenses.

It would probably be alot less stressful to start investing where you are from. 

A rental would have likely reduced my financial capacity to start my entrepreneurial ventures and reduced my current income. 

Trusting the sponsor will be paramount to you sleeping at night, and I can't stress that enough.

I could only give @Jacob Sampson one vote, but would have given him 3 or 4 if I could.I can not stress enough that relationships are so important.

That being said if you don't go the house hacking route I see people more successfully get going when their first deal is as stress free as possible, but still has some things to figure out.

Unless I misheard, she and her husband bought their first two investment properties individually to take advantage of this reduced rate.

If I don’t hear from you in the next 10 minutes, I will assume you aren’t attending and I will move on to my next appointment.Using this system as dramatically reduced any wasted time I used to endure as part of the showing process as well as giving me data about their timeliness/responsiveness/respect for others' time.At the showing, I collect their completed application (sent via PDF prior or filled out on premises), scan their photo ID and last 2 pay stubs.Then, I do some digging around online (social media, court records, Google) and if it looks like they are representing themselves to me accurately, I contact them to set up a "contract to hold" meeting - usually the day after the showing since qualified applicants need to be "closed" ASAP.

However, when I make a profit I do have to pay taxes, so if you are trying to reduce your taxable income this may not be what you want.3.