Undergrads are usually year to year, grads and PhDs are 2-5 years, depending on the program.Once you have a healthy savings account for vacancies and repairs, you can devote less per month to that account (in my opinion).Lastly, my aunt in Silver Spring doesn't know any Realtors; not sure how she doesn't, but she doesn't.

Eventually be able to invest in some larger complexes for long term residual income.May sound aggressive for a 67yr.old man, but hey, I am healthy, single, ambitious, compassionate person with integrity and references.

Marie...And from a purely financial standpoint, a straight sale with $400 monthly payments for 60 months will generate a healthy 39% IRR. 

Healthy.

Said about to sell it.2) 2nd position but with decent equity cushion and offering healthy return.3) I am located in the suburbs of Philadelphia.

Fortunately, we have a healthy investor base here so these keep selling and aren't dragging our values down.

CD's and Bonds aren't as sexy as real estate but a good financial advisor can make your Grandparents savings last the rest of their life.Hope I have helped by telling you about this little experience in my life and I wish your Grandparents a long healthy and enjoyable life.

You'll have a really healthy appreciation for what the PM's do.

@Tyler Wisner you have some good suggestions above but many "buy and hold" investors look for 3 method of income on investment properties:Appreciation of the Property - Meaning the local economy is strong enough to support a healthy housing marketPrinciple Buy Down - Meaning every payment your renter makes to you pays down the principle balance of the mortgageCash Flow - the amount of money you earn each month that is OVER and ABOVE your expenses on the propertyIf you find a market where you can have these 3 items you should be able to have a good market to invest in.  

Include a healthy cash reserve (10% of total property value or more).