My parents are currently in their early 70s, healthy and independent, living in a high cost of living area in a condo on the second level without elevator access. The stairs are not at all an issue for them at the moment but I suspect they will be when they become frail in the (hopefully) distant future. Their condo is worth about a million dollars, all paid for. I am currently interested in buying an investment property in another city that I would like to retire in, in about 15 years, not for cash flow but to get into the market now (vs at retirement. I currently own my primary home, which will be paid off in 15 yrs). My parents may be open to moving to this city as well— does it make sense for us to buy a house together where they will live (would pay cash using part of the proceeds of their condo and I can put in about $200k) with the vision that when I’m ready to retire in 15 years, we can expand the house or renovate it so that we can live together? In this scenario should we put both of our names in the title? We’d also be potentially interested in generating additional income through short-term rentals if we purchase a house that would allow for that. Wondering what tax/financial implications I should be thinking about— for my parents as well as for myself.