I am retired and working on career #2 and 2 of 3 of our kids have left for college - our oldest is headed to UConn for her PhD (6 years) and instead of paying to rent, our thoughts are to do a version of a house hack with buying a house/condo and renting out one to two rooms to offset the costs of her rent.

They will move to a different home where the owner keeps up on maintenance, and you'll be stuck trying to rent a non-functional home or paying a lot of money at once to fix everything back up.Best practice is to maintain your property.

Good cash flow on the property and will continue to bring you income and appreciation.I'm not sure of the numbers when you purchased the property, but assuming you followed the customary practice of 3.5%-5% down, you have a property with some very solid appreciation. 

Thank you.Do you know if it's common practice for PM companies to show the property before the tenants move out? 

Is this standard practice? 

It is less expensive than one year at a good college and 10 times more valuable in terms of the education you will receive.  

Upon graduating college recently, one lesson I've learned is that the best professor we can have is ourselves.

From what I can tell most either sell "guru courses"/pipe dreams or don't share much of practically useful information.P.S.

This was also an odd deal because this property was so close to the train tracks- it was practically a train car.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.