This is more like practice for me and I'd love some help!

Hi Bruce,Thanks, good to know this is common practice.

In my situation, I am attempting to relocate to a different city in Nebraska, however I want to keep my current home and use it as a rental property.

Of course when I am in the position I plan to make the appropriate contributions to my parents as I see the value and necessity for me to practice budgeting as well as to show gratitude to my parents.

They will want to see that you have mastered the numbers to evaluate investment properties. they will want to see that you have a lot of practice applying those numbers to actual properties.

I am trying to help my dad who is retiring this summer after 40 years of owning his own dental practice. 

Is this a legal and acceptable practice?

of 2008 put some limits on the practice only allowing you to exclude gain from the actual time you spent in it as a primary residence.  

About 2 months ago my wife and I quit our jobs to relocate, so I began driving full time for Uber to cover the bills after moving to Davenport, FL.

So many practical reasons to invest locally when starting out, but the cost of entry is so low I can't ignore the opportunities...