Remember students are on a learning curve so to protect your property provide guidance and information like a parent or teacher  but set adult expectations for accountability.

If you are doing the inspections it is critical an adult is present in the unit and that you have another person there with you for the inspection.If any claims by the tenant were ever levied you then have a witness for court.

Yes, I do charge $35/adult application fee.

Hi Christ,It is always refreshing to read a post from a young adult who is interested in real estate investing.

Hey Rhevon, I'm not a RE expert by any means, so I don't know that these ideas translate well, but I have been a salesman of some sort for most of my adult life (my mother would argue most of my childhood and adolescent life as well).

Or at least averaging that based upon 2 adults working 40 hrs a week.   

She also explained that her daughter quit her job permanently on like the day after I verified employment in order to go to court and stuff for the kids and so now its like 3 adults and 3 kids suddenly living up there, none of them working.  

I'm looking for some income strategies for my young adult daughter living in the Bay area.

It's the down side to you having put your adult care in a business structure.Not sure how many clients you have, but I have done conventional home loan as rentals where the owner had rental income from an in-house tenant.

I've seen situations where parents neglect their own future to support their adult children and then the kids take advantage of the situation.