After mentoring dads for 30 years, I've realized that children (young or adult) want/need: (1) role models of integrity, and (2) healthy relationship with their parents (plenty of affirmation!).

If you have those attributes and know how to screen well, its a very rewarding and lucrative business model.

I agree RE will go up and is part of our business model.  

Now to be fair I did not exit on wraps market was to good we just stabilized light rehab and sold for cash and paid off the underlying I never kept these more than 6 to 18 months and then on top of that we were very well capitalized mid 8 figures in cash so we could payoff any loan at any time if it was necessary.. so my model was different I ONLY bought props with 20 to 30% or more equity after rehab day one..

Seems like a great model if done right and with some compassion.

The vast majority of us on here are not fans of this model. 

My living expenses were almost completely rolled into the business model and I lived among an ever changing group of guests who made life lively and entertaining.

@Brad Banks Some models do have bidding wars.

Hi Everyone,I thought it would be helpful to share a couple of excel models that I use in assessing prospective real estate projects.

The losses could be used against other sources of passive income and that is it.If it is a standard self storage model, and thus treated as rental income, then in order to get anything other than passive treatment you would needs REPS status.