Now post-COVID you have a larger inventory, increased prices, increased interest rates, increased property taxes, increased regulation (even Smokies are now requiring permits) and increased insurance and at the same time return of the reduced Pre-COVID occupancy numbers. 

I have been paying a lot of taxes every year from selling stocks and have a high W2.

They would likely lose any homestead tax benefits and possibly lose other things as well.

If I have a LLC and use a property management company for my rentals am I subject to the 1% earnings tax?

We would want to make my parents the 'renters' and we as the landlord.Question: In terms of taxes, is there something we should consider when renting to our parents?

Seller financing is a great way for the seller to avoid a lump sum capital gains tax, and still make steady/expected income on a property even after they sell it. 

We are wanting to start a House Flipping business and are just looking for some legal and tax advice.

or the whole amount of debt they owe originally before the plan?

Tenant skipped out in the middle of the night and owes rent, fees, damages etc...How would you post the item in their credit report?  

My question is anyone with experience with this I would like him out most of all but I would like the money owed as we have a lease.