In some states, it is against the law to collect more than a couple month's rent, so you have to check into that.I automatically turn down any applicant who wants to pay a year in advance.For an existing tenant who has been a good tenant, I would take the money, put it into escrow and pay myself month by month as it came due.Tentant would still be on a month to month agreement and if I wanted him out, I'd give 30 day notice and refund the balance of the rent.An exception: If I rented to college students, they sometimes pay the entire semester's rent out of their grant money.

I got my degree in History, took a year or so off and worked some pointless jobs, went back to graduate school for a semester and a half to get my teaching certificate, and dropped out to pursue a career as a professional poker player.

So, I am going to be taking a lot of classes this semester and I want to make managing and investing and properties my income.

I know i had stopped school to invest full time but i signed back up for next semester due to the fact that i can't get anything done so instead of sitting on my butt i'll head back.

My target is to have the unit (unfound as of yet) for the fall semester 2009.

To make a long story short, I've managed to save $9,000 don't have any credit card debt and plan to take basic real estate courses at my local community college next semester (real estate basics, the economics of real estate and real estate finance).

Next semester I'm only taking one class and was considering getting a job.

:wink: Just wanted to say hey guys, My name is Arthur a newbie to the site. 20 yr oldBusiness student@ University of Houston, currently studying in alabama @UAB, taking some courses; family lives here (wanted me to try it out a semester)...will most def. be back in Houston next semester, city is too progressive for me not to be.

I take 5 classes per semester so I plan to graduate in four years total.

I am currently taking a semester off from my four-year college, and will return next year.