I am looking to install a washing machine and dryer.Tenants pay their own GAS and Electric.I have a choice of putting a coin washer/dryer in the basement however I don't feel comfortable having tenants visiting the basement as each have young kids which their parents don't monitor them.If I were to install washer / dryer hookups and a tenants install their own washer and dryer.

If it's one or 2 students and you get parents to co-sign , your risk is lower.

It's our primary residence so we would intentionally only book 1-2 weekends per month and then go crash at my parents' house whenever we had guests.

Unless the previous owner did some kind of check-in procedure (which I've yet to see), it will be very difficult for me to withhold any money from their deposit because I don't know the condition of the property upon move in. 

The properties are run by a manger but if my parents don't want to take those over then I wold be interested in learning as much as I can now and maybe one day step in. 

@Derek GrueningThe LLC would have to be owned and capitalized by the parent C-Corp, and ultimately the income would flow to the C Corp.  

California 3% withholding tax - $3450 --------------------------- $18,601.00 Does that^^^ sound about right?

Scranton/WB area of PA.  Rent

We are looking to move closer to my parents to ease our daycare expenses.

I'm 25 years old and currently live in the SF Bay Area at home with my parents, taking advantage of the free rent while I save up for my first purchase.