Yes guarantee is for parent corporation but good to know for 3 reasons.1.

Understanding a rehab and BRRRR when you are not near it can be stressful and harder to control. 

Also, something I wish my parents had done with me was being an open book when it comes to your finances.

Since there is no custodial requirement for the 401k, you don't need the additional expense and administration of an LLC to obtain checkbook control.

No more managing tenants, vacancies, maintenance and the managing the manager (who is a $12-20 dollar employee who's compensation structure us not aligned with your goals) By passing the control of the day to day operations to true experts who are literally partners (direct alignment of compensation and motivations), you can assure the investment is being optimized while you spend your time on what you want which is 1) making more money at your day job, 2) spending time with your family or 3) finding that one off deal that you want to do one your own while pairing with a Limited Partner strategy. 2.

In some areas you may be dealing with local law too like in California there are LA county laws on rent control and Chicago as well. 

I'm not a student, but would like to rent by the room, I might not be able to get people I know, so I'd be screening and having parents co-sign, at least for the time I have to live there to say it's a "primary residence", and then I may or may not continue with that strategy 

Virtually, no business has books so-organized that they have that much control to manually manipulate their tax bracket by giving money away.A few years ago, my plumbing, heating and construction business was doing about $7 milion per year and my rental units bring in about $4 million.

I have a property that I share with my parents and my wife, it’s our primary home - purchased earlier this year - essentially the mortgage is split between my wife and I and my parents.

Both structures can provide checkbook control.