<prompt> Human: Greets, My parents will be retiring in the next few years. Theyll probably liquidate some assets and need to live off of Social Security and investment income, while renting a home.I was thinking that it seems really mutually beneficial for them and myself if they used some of those assets to buy my house two-unit, then sell it to me.Pros:1. Instead of me paying a bank 4, and them drawing-down on an investment 4, I would be paying them.2. If I default, they have a house.3. If they cant make ends meet, or need daily assistance, they have somewhere to live.4. When the inevitable happens, I inherit my own house.5. Ties up their money in a way they cant spend it too quickly.Am I missing something? Are there tax implications here that I should be aware of? Do people do this? Can I keep my Mortgage Interest Deduction? What does this income get taxed at on their end? Does it make sense to spin an LLC or something that were all in, and for me to rent the property from them and myself instead?I should note that we have a great relationship, and that my family is a pretty safe bet financially PI are 14 of our take-home if they want 4 return, 16 if they want 5, super-high credit rating, multiple sources of steady income, well-funded emergency funds, etc..  <response>: Yup, totally doable and often a good idea, if theres a stable financial situation and strong trustrelationship. Heres an article for reference 