@Joe Splitrock "I would personally focus more on financial ability to pay than I would worrying about a child."

I have heard some people buying an investment property for their child the day they are born so that when the child becomes old enough they can teach them how to invest in real estate through managing the property hands-on!

He had to move back home with my parents in Ohio and relies on his tenants rent check to pay his mortgage.  

HER PARENTS BOTH HAD ALZHEIMER'S,HER DAD PASSED AWAY IN DEC,AND JUST TRYING TO KEEP MY PROMISE TO HIM THAT I WOULDN'T LET ANYTHING HAPPEN TO HER,BUT THE MONEY I HAVE ALSO CAME FROM A IRA FUND THAT MY DAD LEFT ME IN APRIL WHEN HE PASSED.I REALLY WANTED TO BUY A HOME WITH THAT MONEY AS A DOWN PAYMENT,BUT IF I THINK I CAN GET IT BACK LATER THEN I WILL BE THE HERO FOR NOW ANYWAY.

So I use those same metrics in my calculations anyway.I don't know what I would do in your market, but in mine it would be simple: 50% of the year STR operations, and 50% college rental with parents co-signing on the lease.

All occupants should be on the lease,, minor children are listed as such,,, John Smith 1/1/2017 minor child.. so date of birth verifies they are minor child..

I’m looking at one, parent holding LLC as an umbrella, and one LLC under it per every 100-200k in value.

If the partner is a parent you can still get it with the 3% down.

In a way I could also relate, my parents came as refugees without a cent in their pockets.

I own a few properties in Birmingham and my parents still live in the Oak Mountain area, so it's cool to see that area growing into the STR arena!