I would assume at 16 your teen is about 2 years from graduation and either is dating the love of their life or actively seeking same.

Both have similar, if not equal incomes, the one staying has two early teen kids.

Some owners therefore try to self rent and save the commission, but there are pluses and minuses there also.And lastly while the idea of having a vacation home in an ocean area is very sexy, the prices are high, even after the recession drop, and the rents are relatively low, so the returns are low.

I did that when I was younger in my teens and early twenties.

Obviously you must be more subtle with a pre-teen or teen, but it is still possible.

At $325K, it's a 6% cap, which while not sexy, isn't awful either.

The media loves to report on penalties and fines in the multi millions against Bank of America or Wells Fargo, but reporting on a smaller seller financier with 30 loans that was fined out of business with a $150,000 fine and additional administrative penalties just isn't sexy enough for them.So, are you sure these laws and rules aren't being enforced against the smaller operations?

There actually is a special "Rich Dad Poor Dad for Teenagers", Kiyosaki recommends that one for teens, RDPD for adults and that they play the Cashflow 101 game together.

I am an active real estate investor from Los Alamos, NM, among many other things (mother of 2 pre-teen girls, executive director of a research organization, partner in local startup VC, humble servant of 2 bengal cats).

My 11 year old is reading "Investing for Teens" right now so he can earn Halo and Minecraft time, ha!