Brian, great mindset shift—congrats on taking the first steps toward financial independence!

The fact that you’ve already taken the leap by buying your own home, showing up here, and committing to learn says everything about your mindset.

@Ladarius PayneLove the mindset, LaDarius — coachable, consistent, and committed is exactly how you win in this game.

I knew an investor who did very well doing that, and the rent was always paid on time by the parents, but the constant turnover and damage from college kids was time consuming and expensive.Like all investment, the riskier or more volatile or high effort the investment, the higher the return. 

The simplest way is to set up a WY or NV "holding" LLC, that can serve as the holding/parent company for all other state specific LLCs like a FL LLC here.

It’s great to see new investors jumping in with a focus on long-term cash flow — that mindset will take you far. 

I have a situation where the parents divorced.

Also USAA if you, your parents or your grandparents served in the military. 

Sounds like you’re approaching real estate with a strong strategy and mindset, which is key.

I think I will long-term rent them most likely as we are nurses and see ourselves taking care of our parents later in life, so ideally we would like to keep the homes.