thank you for the reply.
i dont think there would be any control issues down the road. My parents have been married for 40 years and i dont think they will split and remarry. Also, my relationship with my parents is very strong and i am the only child.
my parents dont really want to go to a nursing home...so hopefully that can be avoided.
Basically, my parents moved into my rental because it is available and the timing was right. In return, they are going to pay off my 2nd home mortgage. 130k
they planned on doing a trust to give me back the home or they were going to sell it well before needing long term care?
i am pretty open to how to handle this, i just want to make the best decision. ultimately i would like to avoid capital gains if i leave it in my name and sell it years later without living in it.....but i also want to get my current mortgage paid for.....
any ideas or need any more info? thanks again for the response
