I see so many assumable loan which seems like deal, but I am unable to take it as my DTI is high due to primary property etc. 

My goal here was to replace all major components and renovate to a premium level finish in order to charge market rent.By installing high quality finishes, I am setting this property up to be a low maintenance long term hold 📈What kind of renovation costs are you currently spending on your properties?

CA has very high LLC fees so some find other ways to do it, such as LP's.

In my opinion, staying highly organized and building systems/processes is the most viable part of dropshipping.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

But if you insist on LTR, I recommend considering areas like Marietta, Decatur, or Acworth which have a pretty high LTR rental demand right now. 

Investing is highly individualistic.

Some go for $700k plus and are designed as high end student rentals and others, in Bryan,  sell for $200k but need a lot of work.

There are more "investors" looking for deals and trying to get into the real estate game than there are quality GCs. 

U want your parents to talk to their CPA FIRST.. if they go the development route they are now ( depending on the amount of units) creating inventory.. which will be taxed at ordinary income rates ( very HIGH)if they just sell they can 1031  and move on to something else.. many times when you run the math consider the risks of a partnership.. the sale of the land is far better than thinking your going to make some profit..