Your pic doesn't give detail of what needs supporting?

I have cleaners come through once a month and that is my touch point...but that is it and it has been the most passive strategy I have come across.Disadvantages: - Screening Processes: You will need to build additional processes around screening these tenants like a LTR.

The details: Located in California, Los Angeles county.Held in a trustThe home is the only real asset in the trust.Small mortgage, about $50,000 owed.

Quote from @Amer Swid: Hello,So the inspection report came back with these red flags, the offer for the house was 300k, then i asked for 25k reduction and they take care of all the hazardous stuff but they said ok for 25k but you take care of everything.Anyone know how would approximate be to:1) put chimney flue2)do knob and tube rewireing (i heard it will be costly around 30k)3) change furnace4)pluming and asbestos (not sure if I should do anything for the asbestor)any help will be muchHi Amer,Dealing with an inspection report's findings can indeed be daunting, but let's address your concerns with a bit more specificity, considering the details you've provided.

Sounds like I should provide some details.  

Additionally, one of my good buddies @Doug Spence is active duty air force and mentors new investors.

If you are in a closed-end fund and relying on "pref", "Class A" or other distribution type you may be in for a rude awakening with some operators (again, the devil is in the details, aka the OM/PPM).

I discussed this with a friend recently and he mentioned I have more details to figure out. 

Give us some more details so we can help further

In order to qualify now, the property has to be your parents principal residence, and the property must become your principal residence within one year of the tfr.The real world difference for you, is around $270/mth in additional property taxes.