The purpose for this property will be to supplement their long term care. 

design and renovation - cash supplements

Is he looking for a new job or do you plan on using the property sales to supplement your income for the near term?

Creating supplemental passive income through smart rental property investments is a powerful and realistic goal and you’re taking the right first step by educating yourself early.Since you mentioned you're leaning toward rental properties with variable rent lengths, that opens a lot of flexibility.

When evaluating a property management company, look for local experience in Detroit neighborhoods, a tech-enabled platform for seamless communication and reporting, transparent fee structures, and a well-established maintenance process.

I have the capacity to bring cash to enable acquisition. 

The purpose for this property will be to supplement their long term care.

In the future, you may want to consider having your project manager or BDM enable Zapier integration to make process workflow automated.

This enables you to achieve both 100% ownership of the asset and 100% finance.

I am considering utilizing a HELOC for the down payment, which would also enable me to implement immediate rent increases to bring rates in line with market values.