My oldest daughter will be at kindergarten age around the time we would be moving.Do you plan on repeating the process or are you going to stay put for the long haul?

No problem right.So what do you do when you find out the borrower is in prison and the 17 year old daughter who is a junior in high school is living in the property and she is trying to find a place to live with a friend and needs an extra 3 weeks.

If they are willing to pay a deposit a year in advance, you are not charging enough.Where my daughter goes to school it is quite common to sign leases over 1 year in advance. 

I accepted the application only to find out that her ex husband and 14yo daughter (divorced in 2011) lives in the unit on the opposite side of the building from where she is moving in.

let me ask my daughter she might have a recommendation for you.. she is a Broker there in Vegas

His main house would be potentially one that can cash flow for us as a rental when his daughter moves out in the next year or so.

We are bit younger than you but purchased few rentals 2 states away for our daughter to learn the business. 

We have a lot of family in the NYC area and our daughter lives in Queens.

My daughter is starting vet school there in August and thought it might be a good place to invest.

But my daughter is an agent in Las Vegas..