Consider reaching out to a real estate agent and property management company in the area you are planning to invest in to get more insight on that market to start!

Most cost segregation study companies provide the quote for free. 

The owner let their insurance company know about them starting to do rentals.

The insurance company had more of a hard time with it than the bank.

State deed transfer tax to simplifileI have always bought SFH in NC but decided to buy duplex and quads in JAX area from a built-to-rent company.

Some of these larger turnkey companies have done forward commitments and can offer you 5.5% rates with 30% down and that definitely helps things pencil. 

How do those metrics align with your company objectives?

I’m a commercial underwriter for national title company and recently started my own business providing nationwide recording services.

You can find more info on how the IRS treats LLCs here: [https://www.irs.gov/businesses/small-businesses-self-employed/limited-liability-company-llc]One thing I'm curious about, though: Are your parents planning to remain equal members of the LLC, or will one have a larger ownership interest than the other?

I found the representatives at the office, while hard to get ahold of, were always very helpful in helping me work through the process.Granted, I bought mine vacant then got them enrolled in the program, so slightly different, but I believe I just had to submit closing statement showing transfer of ownership from seller to me (at the time the county website could take a long while to update), and there were some basic forms with owner name address and phone number, management company name address and phone, direct deposit forms, etc.