Tread carefully.  

This is not going to be the news you want to hear, but tread carefully. 

I gave ChatGPT the OP and replies  of this tread.  

@Jaxon Ludtke Correct me if I'm wrong but by biggest concern is that if your running costs of $600 include utilities then it doesn't look like you're setting enough/anything aside for regular maintenance, capex or property management (even if you're self-managing, the property should still be able to pay for its own management).The Fed's new inflation target is 3% so you need to raise rents by at least that much per year just to tread water.

Oxnard has its own rent control so tread lightly there. 

I used those puddle pumps they did not work.. but when my sump got power again boom water gone in 30 minutes but damage was done.. had to put in new drywall ( fully finished basement) new floor ( carpet was there) ruined my tread mill as it was plugged in and the deck got wet. etc etc.

The IRS looks closely at “related-party” transactions, so your parents should tread carefully to avoid disqualifying the exchange.

Don’t tread these waters without an attorney.

Tread carefully 

On the back end, a year, 2, 3 later there finding there stuck, and treading water at best.