If their kid shoves a pair of leggings down the toilet and clogs it (yes, this has happened), then they are responsible for fixing it.

I guess the leg work and he fact of being remote scares me, but so does any investment!

when i heard of 6 figures of rental income I fell out of my chair. 

Unless with this caveat It was going to be my Business focus and I was going to become very good at it and do it basically full time.Exact same thoughts I have for owning C and D class rentals one needs to jump in with both feet to be successful at that arm chair investing in these asset class's leads to a lot of lost money.

They too told me I had good job, had received degrees so why would I go on my own as if my education could not be for the betterment of me versus some rich guy sitting in the big chair. 

We just had a brand new installed furnace grow legs at one of our properties overnight. 

For the most part I've always done the leg work on screens possible tenant.

They are strictly taxation.If you are setting up a trust, you should get a CPA.Find a bookkeeper for your daily driver, if you find one that focuses on real estate, then during year-end your CPA won't charge you an arm and a leg.

Quote from @Greg Cubitt: Quote from @Jonathan Greene:In regard to Syracuse, you may have a leg up there as well since you live there with the Syracuse Land Bank.

My student housing is fully furnished: beds, dressers, desks, pots pans, silverware, couch, chairs, everything.