Complexity being that my mom is retired and doesn't want ANY income for whatever financial planning reasons and she doesn't want to do the work, but she's liking the idea of keeping the wealth in the family and we've had a very good financial relationship for my entire adult life.

I look on Zillow, but most properties do not show financials.1.

House hacking can relieve you of rent if your financial model makes sense.

I'm a graduating Senior in college set to start as a Financial Analyst in January of 2018.

No reason was stated.We only got a quarter of their earnest money.I was under the impression the earnest money exists to protect the sellers in these situations.  

Depending on the neighbors,  i think that'd be the easiest and best option,  to protect yourself, and keep a positive relationship.. if you go there and tell them you're tearing it down b/c it's legally yours, well you or may not be right.  

Need some ideas on how to make these properties work financially for us.

An LLC provides legal protection, not really tax advantage.If you plan to do property management for others, then yes you should start an LLC to do that.

So he sends me an email back this morning with the advice his attorney gave him and now I am completely stumped.. meaning I don't even know what to say back or how to reply to what he says here is the exact email he sent me this morning after speaking to his attorney, " Hello,I spoke with my attorney yesterday, and what you have presented would be a good idea if I was in financial trouble, or had a property I was unable to sell.

Please don't do this, but if you are an agent you need to be aware in order to protect your sellers from such strategies. 2)The visionary way can be summed up in 2 words: hidden value.