I respect that any comments, replies, or suggestions are for entertainment purposes only and not considered legally binding. 

Debating this in the abstract on a message board is entertaining, but not very fruitful past most of what has already been hashed out hundreds of times on BP.Regarding the post above about active control producing above average returns I would challenge how the studies accounted for the time requirements active participation carries with it.  

You know, that thing adults read.  

These are adults.  

Justin:When Thomas asked about legal non-confirming, I do not believe he was implying your house is not compliant with building and fire codes, but was asking if it conformed to local zoning by-laws.We have student housing as well and it has been our experience that most university towns have occupancy by-laws limiting the number of un-related adults in a single dwelling unit (usually to 3 - 5) which are specifically aimed at student rooming houses.  

Of course, that's the last thing you want to do and if they give you a hard time about deposit, you could hire an attorney to review the P&S and see if there is an escape route you could entertain.  

Its the same as those that go to VEgas and call losing money gambling  as but hey " its entertainment" never got that one either. 

Sent out my first mailing to 100 people just to see the response. So far I am "unethical", "dishonest" and a "slumlord". What are some things you've been called just for sending a letter??I can't understand why people...

It has a finished entertaining area with a kitchenette and a bathroom.  

Secondly, entertain his mortgage person.