@Andrew Stouse, continue living with your parents while saving for closing costs/reserves.

As far as utilities go many years ago my parents owned a 12 unit apartment complex that had all shared utilities.

Once everyone is clear on the big picture of what the estate plan is and what your parents want, other issues dealing with specific properties and specific issues such as 1031s, shifting to other investments, financing issues, etc. will become clearer.

You do this by becoming an authorized user on your parents credit card.

Currently, I'm still living with my parents.

In Houston, Tx we get traveling nurses, divorced parents wanting to be close to kids, students, traveling professionals, and just people looking for a way to budget their life.

My parents have a condo at Brooklyn which is occupied by a holdover tenant for a few months now.

In a matter of 1.5 years... my parents bought a duplex from wholesalers, we accumulated an airbnb from wholesaler, finished first fix n flip from off market seller, and now wholesaling a couple deals my self.

Hey @Abbie Little, my brother lives there and my parents live in Sequim so I am basing my opinion on their experiences.

@Alex Hamilton @Wayne BrooksDonations to 501(c)(3) organizations are reported on Schedule A (Itemized Deductions) and reduce your taxable income dollar-for-dollar up to certain limitations dependent on your income level, type of donation you are making, and type of organization you are donating to.