VA handles all my marketing so this is an off-market deal.

Finding a property management company that you can trust with your investment can be a weight off of your shoulders and provide "mailbox" money to you without you having to lift a finger (except for when you have to grab that money from the mailbox).The cost of property management services varies, but any great trustworthy property management company can outweigh the cost substantially by providing you with time-saving services that handle the day-to-day operations of owning a rental investment property.

Hi Ashley, we handle the Houston area and surroundings. 

I hired an architect/designer to handle all the permits and design, and they are working my contractor to keep on timeline.

To make up the extra 50-100k a year in life style you want you could likely either sell a unit and likely pay little to no tax on it if handled properly. or cash out refi some properties to get the extra money.

I sell my left over houses usually on ZERO % financing like right now I have 2 in cleveland i would do that with.. great deal for someone who can handle larger than normal payments and wants to own them free and clear in a few short years.

I need to know specifically what types of property you are interested in so cal and what type of condition you can handle . 

You can probably also shave off a few bps on your P/M rate or handle it yourself in the short term in order to get the property operating at its full potential first.

You can handle it either way, whatever works best for you and them. 

I'm thinking the best way to handle this is to simply ask for a monthly monetary contribution for Mom and Dad's care.