@Eric Fichera Buy A/B  located properties, keep up with all local permitting & licensing, use a well drafted and fair lease, don’t unreasonably withhold deposits and be a responsive landlord or hire a responsive PM and you won’t have anything to worry about.

A Google search also didn't prove particularily promising.I am taking over managing a group of student rental properties that my parents own and (very, very informally) operate in the Bay Area, California.

There are four heirs including my wife’s parents.

I am 17 years old, I have no debt, and I live rent free with my parents.

Their push here is that nobody owns a car, and everybody uses public transportation.Rent here is going up in part due to raising interest rates, the Covid ban on evictions, where people stopped paying, more single people, not starting families, and the unreasonable demand that young people seem to have to own a large house, just like their parents had, not realizing that many started in smaller houses.

Also, do most of them rent by the room and have their parents cosign on the lease? 

I have this plan where I first start out with a duplex , Rent 1 live in one for a year move back in with my parents and then leverage off that duplex to get another property right away.

When I was 10 or 11, I turned down a McDonalds Ice Cream from my parents because I wanted them to save that $1.

I was able to withhold less from my W-2 income in anticipation of these savings, providing me cash flow in my pocket each time I got my paycheck.It could be beneficial to engage an accountant to help you assess the cash flow and determine if you are maximizing potential cashflow derived from taxes!

- Should I invest $40K into converting my parents’ single-family home into a three-family, even though the immediate return might only be a few hundred dollars a month?