Hey @Kevin Panella I think @Ana Marie B. hit the nail on the head.

If the property is in a sufficient location, this should eliminate utility bills if everything is running on electricity.

It eliminates the need to choose.

Your parents signing over their house to you would likely eliminate their ability to elect the tax-free exclusion of $500,000 under Section 121 (121 Exclusion).  

That eliminates NSF reversing because the money is verified before sending.

This eliminates the tire kicker types that want to look but have no intention of actually buying.Best of luck!

IMHO it is always easier to finance the purchase of an existing business since it has a historical financial track record, which will eliminate a lot of the guesswork for starting up a business from scratch.

@Jesse Stein given the current administration’s desire to eliminate the 1031 exchange and eliminate the capital gains rate by raising it to 39.6%, I encourage you to think about selling now and finding something to reinvest in.

For instance, the selling price may be less important than eliminating the stress of being a landlord.

We've found this eliminates many of the bad actors and the people that finis the process have all been quality tenants (paid rent on time, took care of property, and didnt abuse the water/electricity).