If you do have a current property manager, meet face to face with them and find out the details of how they manage the properties with an eye toward improvement.As has already been alluded to, you should think about what happens when one or both of your parents pass.

I wish I could give you a quick, go-to answer, but I wouldn't feel right without finding out your risk tolerance and know a little more on what you would feel comfortable with.

Also find out how to file a judgement for outstanding rent-you'll likely never see the money, but if you can get it attached to his credit score, that would be good.

I have had trouble finding an answer to my question.

I’ll find anything

I will find some REIA meetings to attend in my area. 

So you'll want meticulous records that show the money going only into that property.All this being said though, you may find that it is to your advantage to not try and carve these out of the sale. 

During this time that the project is finished, you will be able to rent it out and you will be able to offset your monthly payment with rent, but also will need to add in utlility payments.To get out of the bridge rehab loan, you will need to find another loan - likely a DSCR.

It's like trying to find a needle in a haystack to find a county close to me that engages in this process. 

@Skyler HeimerTo find a property in Santa Monica, work with your agent, use online platforms, and consider different types.