New landlord question- if I have an individual who wants to rent my place for their parent - who do I have fill out the application?  

Alimentation Couche-Tard, the parent company of Circle K, has made an unsolicited offer to acquire Seven & I Holdings, the owner of 7-Eleven.

It sounds like you / your parents should just hire a professional property manager for the inherited properties.  

So, Anca, your parents can 1031 from one property into more than one. 

If it came from your parents, you may need a gift letter from them stating that it's gift and does not need to be repaid.

Buy a house using your parents' money, then manage it for them while living there.

Would your parents be interested in partnering on a duplex where you live in one side with a roommate and manage the other side rental? 

Quote from @Kieran Dowling: Hello,My parents helped me by my first rental property .

Becoming a LandlordYour house appreciating at 5% annually = $25K/year.Your parents' larger house = $30K/year.Financing the PlanTake out a mortgage on your house to buy your parents' house.If their mortgage rate is lower than today’s rates (6.75%), keep their mortgage and assume it.Why It WorksYour tenants pay the mortgage—not you.Each monthly payment includes ~$300 toward the principal.

I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.