A lot of this is governed by local law.

They do not do this because they are kind government/people, they do this because it will improver their economy/GDP.

Meanwhile, over 20 million people in America were gainfully unemployed as our lovely government started quantitative easing.

On top of that, our local government, shelters, and rescue centers frequently offer free or very low cost spaying/neutering.

The latter is an entire property that is essentially leased to the government, and the government then places whoever they want in the units.What made me think of this is an exchange that happened recently between myself and an agent who works with a company that also engages in wholesaling, buy and holds, etc.

You need to consider other issues, as well:family dynamics, including potential frictionparents' views on owning this property and inheritance in general (some older people would consider setting up such trusts as wise and loving, while others could consider it equal to being buried while alive)estate planning implications if your parents have high net worthprobate implicationsyour parents' eligibility for government programs, including Medicaid long-term careexposure to creditors if one of the siblings has debtand more that I did not mentionAn attorney or a financial planner specializing in elderly issues would likely be the best source of a holistic advice

The good news if you have a government backed mortgage is you can call your servicer and request a deferment or forbearance.  

California’s economic recovery will depend on whether the federal government can enact more stimulus measures, including unemployment benefits, and on curbing the COVID-19 infection rate.

Non QM here means it is a 'non-qualified' loan, which is to say, it doesn't have to meet the same standards that FHA/VA and government-backed paper has to meet. 

"Buying" the property from the LLC is a federally taxable transaction and may result in transfer taxes being assessed by your county/local government.