I started in the notes business as an intern in 2010 & bought my first rental property in 2013 (long before I moved out of my parent's garage)

Two adults and a small child have done that for over a year.

That dog go out and bit a small child, it was horrific.

Hi All,I'm looking for advices on the legality of taking over my parent's mortgage and house.

Hello,My parents have a rental property for the past 10 years (purchased in 2010).

We still have a parent/primary LLC in the state we live in that acts as a holding company for all the OOS LLCs.

Here is my current position:-I have a full-time job, making $80k/yr (single income, wife and three kids)-I bought my primary residence 1yr ago with 20% down (so minimal equity)-I partnered with my parents and bought the neighboring property that was split off my property and it currently has a renter in it    -this property cash-flows but not significantly due to the renter paying under market-value to the previous owner and she is a friend, takes care of our kids, etc, so we want to keep her there. 

So the benefit to your parents ends up being not actual savings but that the charity they love gets the money instead of the govt. 

@Ian Thompson Unless you are an only child it isn't worth discussing.  

I bought a tax foreclosure house formerly owned by a convicted child molester.