I sort of do this on a small scale and what I did was I moved to the area I wanted to look into.

Below that, you're asking for a lot of trouble and investing in upper-scale homes that appeal to professionals and affluent people that, for one reason or another, don't want to own their own home takes a lot of up front capital without a high return.

At that point, I recommend that you focus on that one strategy and execute it as well as you can and scale it up into something sizeable.I also believe that strategic flexibility is important.

If it was not my money, but my "rich uncle's money" and I kept the profits, I would continue flipping houses but on a much larger scale and I would also provide funding for other projects, but only with equity stakes.If it was my money, then I would do a few flips here and there to keep me busy and active and the balance of it to make loans.

Seriously, you're going to have to contact property managers and real estate agents that have experience placing affluent tenants in upper-scale properties.

My parents are thinking of renting their house and scaling down.

From what I've seen, lenders have definitely scaled back on the amount the seller can hold.

In residential if you got a real estate license TODAY and hit the ground running you will need 3 to 4 months to get a check.Licensed today then get a buyer.Spend a few weeks showing property.Finally get one under contract.Closing takes 2 months.You are now getting you first check if everything goes perfect in 90 days.This is for residential.If it is for commercial checks will be larger but average closing time is 6 months instead of 3.So if at the cell place you make 36,000 a year.You would need minimum 18,000 as reserves for 6 months of payments and to be safe 36,000.If you have just a few K FORGET IT.If you want get your license and put it with a per transaction company for your own investments while you feed your family.Then after maybe 1 year or so you have income to replace your JOB then you can scale down and quit.I have 25 agents and I see this burnout cycle happen all the time.I don't want it to be YOU.good luck

But rather a sliding scale based on total income of both parents, and percentage of the total each parent puts in to the total, and how much of that amount should be spent on the child.

A 10% increase in rents could easily equate to a 15-20% increase in NOI at that scale, which equates to a 15-20% increase in value (at a constant cap rate);- It's difficult to park tens of millions of dollars someplace that will earn much greater than 7% passive returns, and it's REALLY difficult to park tens of millions of dollars someplace that will return 7% with a very real chance at appreciation.