His parents, Mike and Barbara Emhoff, have been married for 61 years.

Now obviously over time I could raise the rents incrementally, but after accounting for taxes, insurance, management and withholdings, the cash flow would be negative for the first few years.The properties are in good condition, so no rehab will be necessary.

Next the banker sent it all to underwriting & the one assigned was dealing with a dying parent in hospice, so it sat until the banker insisted that maybe another underwriter could handle the deal.

For housing, you could try downsizing to a smaller apartment, getting a room mate to take on expenses, or moving back in with parents.

Now she is claiming that she is withholding rent at the courthouse until all her issues are fixed.

My parents still live there, but my dad lost his job this year at 64yo- neither of my parents intend to reenter the workforce and they will have to move soon as they cannot afford their mortgage payments- but they would not have trouble affording a mortgage here in Arkansas (though I don't know if it will be hard for them to get one with no jobs?

I was ready to move out of my parents house, and I saw an opportunity on a price that I knew would build equity How did you find this deal and how did you negotiate it?

My parents are currently renting the apt they live in.

Seems like the perfect seller financing option if you can use the 6k as a downpayment, but are you also working or can you get help from a parent or relative on monthly payments on the seller financing?

@Uma SubramaniamYou can have a series LLC with each property in its own disregarded child LLC and use the parent LLC as their sole member.Each child LLC being disregarded all tax filing will fall on the parent with a single tax return.You can also decide to have this parent as disregarded, changing nothing on your personal tax return, but it may be beneficial to decide to have this parent as a multi member with only a 1065 tax filing.