Investment property rent paying mortgage on second investment property?
My parents are planning on buying an investment property. They plan on paying cash for this property. So they will not have a mortgage. I will be renting the place from them with 2 other people. If they decide to finance a second property, would they be able to use the rent from both properties to pay the mortgage on the second property?
How and what will they be taxed on?
How does rent to own work when it comes to taxes?