Not sure if the same will apply to an adult child.

My Mom just passed away (I’m an only child and she had a brutal death; I was her primary caregiver with little kids in tow), this is my childhood home, and this tenant is clearly a con artist.  

If they're your parents, or a child, that's one thing, but owning rental property to supplement someone else housing costs is not a good investment strategy.

That is my opinion.If you add more homes to your portfolio, I would look at setting up a series LLC with each unit in it's own child LLC.

I decided to do this because I always was fascinated by real estate since a child, and I believe in taking calculated risks.

My aunt died and left her home to my cousin ( her only living child) will she need to go through a probate?

I recall reading an article or blog post about an investor giving their child a wedding gift of pre-paying their first year's mortgage principal.  

The owner of the home and landlord, Tomas Arnaiz, has been charged with producing obscene materials, reproducing child porn, and filming a minor.

LOL...well, that was a short lived brain child Jay

I'm expecting my 2nd child next July.