And therefore, housing expenses go up – whether it’s rent or purchase price.It’s simple supply and demand.If you’ve read some of my other posts here about millennial migration and the trends affecting the Sacramento and Stockton housing market, you’ll understand why there has been a sudden increase in demand for Central Valley housing as of late:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushhttps://www.biggerpockets.com/forums/627/topics/528157-stockton-the-last-bastion-of-housing-affordability-in-californiaThis trend isn’t stopping either… more and more millennials are turning 30 every year (over 4 million) and the average age a woman has her first child is 28.

I unfortunately was not afforded an opportunity at a younger age to be exposed to the power of passive income, passive income vehicles, compound interest, and a detailed planning for the future.

Your prospective tenants will need to still fill out an application and that is on you and your own due diligence on screening them with past landlords, income verification, ect... as mentioned.

Here are demographics and economic factors we're watching that could translate to a housing slow down.The largest group of borrowers, baby boomers, are aging out. 

HI all,Let me preface this by stating I've utilized the search function to go through threads for kids similar age as me who want to get into Real Estate Investing.

news is the fact that you're even asking these questions at the ripe age of 16.

Maybe a realtor could draw a 1 mile circle around your house, filter by size, number of stories, age, bed/bath/garages/pool, lot size, gates, Hoa?  

You are going to have tenants over the age of 35 at some point.Michigan State University produce Landlord-Tenant Document annually, its a great resource.

If I knew the level of wealth I would have attained in real estate investing, I would have started right around your age.

I am not sure if any of the software really do the employment verification for you.