I'm looking forward to learn and connect with all of you already in the game. - JeffWelcome to BiggerPockets!

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

Can anyone provide any thoughts, good or bad with respect to renting to college kids?

This is where your qualified intermediary takes title to the new property and holds it until you are able to close on your old property.

You can find his YouTube channel at:facebook.com/platinumresortassistedliving He is all over this subject and he is in Georgetown, TX.

there is no bank, no mortgage, and therefore no due on sale clause.if there is a mortgage in place, and you take the payments over, this is typically referred to as subject-to or sub2 and is much higher risk for everyone involved.

Hi @Kamal Sukhija,Good on you to think about this ahead of time. 

Learning the relevant statutes which define the legal process which created the motivated seller.

I am not just saying this because he is on this forum or post.

thats basic list one can add.Value add /  New construction / land entitlements/ Timber / Minerals/ Lendingetc etc.. far more ways to actually make money than just buy and wait for rental income to payoff debtl