My daughter attends GWU and I'm considering investing in 2BR apt for long term hold.

He confided in me that his mother in law owned her condo free and clear but put it in her daughters (this guys wifes) name.

The area that we're in has experienced some strong appreciation over the years and so this home has positioned us to have the option to keep it as a long term investment that we can leverage for our daughter's college or our family's future investments Lessons learned?

Hi everybody, This "issue" was further complicated by the tenants not speaking English and requiring their 11 year old daughter to translate things like late fees, disconnection, etc.The tenant ended up paying the bill and the former owner officially had their account closed, so all's well that ends well.Thanks to everyone for their advice!

It is called tenants in common.I have a property that is 1% owned by my daughter and 99% owned by me. 

We are not showing a management fee because we are planning on renting one of the units to our daughter and have her serve as the manager for the other two units (feedback on that is welcome as well).The units have been updated in the past few years and the owner is a licensed contractor who did a good deal of the work with his company (plumbing, electrical, windows, roof).We are planning on using a HML that is offering a 30-year fixed load, 1 point to cover early refinancing since they do not have a penalty to do so, an underwriting fee of $995 and a processing fee of $695. 

If Machiavelli won't do, we can turn to Shakepeare's merchant, Shylock, wandering the streets of Venice and crying out after his daughter and the ducats she took with her when she eloped, with no one being sure which one he valued more.

And so does her daughter so I think it's in safe hands for at least another generation.Oh, and as for the guy I met here on BP, I'm paying him to oversee everything and keep things on track.

My debt to income ratio is high right now because I had to cosign for my daughters student loans (about $120k).

When we had our granite countertop installed the installers put sticky plastic down to “protect” the floors, and when it was removed it ripped the clear coat clean off in the areas my daughter had been playing with the air pockets.