My parents and I are going to be meeting with the owner in the next couple of weeks to discuss these terms I came up with.

I’ve seen cases when a parent dies their child tries to stay even though they’re not on the lease.

The answer is obvious to me in any other scenario where a parent of mine isn't my partner, but It's hard to see it in this situation. 

My parents currently hold the note to this home.

I am in current talks with my parents to buy their home.

If we do STR, and we hire a property manager because we work W2 out of state, I dont think we can qualify for 100 hrs material participation.I am reading Tom Wheelwright’s book and I came across about adding a parent with low tax bracket thats why I became interested.

I am having my parents as cosigners on this property, as I don't have enough income to get a house of my budget on my own.

My retired parents own a self storage business that I will inherit one day.

My parents are aware and updated on the constant issues with the litigation and my mother recommends I sell while we can still grab a decent-sized profit.

Purchase price: $200,000 Cash invested: $10,000 Childhood home and now become my first rental property that I began to manage as a rental during the Pandemic in order to moved my parents closer to me and my sibling.