If you do the math it makes much more sense than paying dorm fees And your kid gets a good education on property ownership and management in the process. 

I found a local broker that can do a 80-85% LTV for 1500 in origination fees which is much lower than current mortgage servicers price of 7500.

Quote from @Daniel Windingstad: Hello,I own 2 properties (1 sf, 1 duplex) in Minnesota, and find that the rules, fees, tenant laws, taxes, etc.

I have one at 15.375 with no origination fee.

Subtract sale expenses (attorney fee, broker commission, flip tax, etc.), you could hypothetically net around $70-75,000.Re-investing the $70-75K upstate (i.e.

Second, **flexible terms** and clear communication about rates, fees, and loan-to-value (LTV) ratios are essential to avoid surprises.

@Jason GuentherOkay so let's assume you sell for 95% of the Zillow estimate and pay out 5% in commission and another 1.5% in closing fees.  

So, paying Evolve’s typical 10% management fee might not deliver the value you’re looking for.

This obviously is neglecting the agent fee to get a tenant in.

I noticed other companies charge the owner a fee like a $100 admin fee or something if we take over a property with a tenant the owner put in place and then have to evict them after a month to two later.