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.

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.

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

In the middle of the direct mail campaign our second child was born and it became clear that I wouldn't be able to devote the time needed to work my full-time W-2, build a flipping business (with the goal of saving enough money to buy an apartment), and raise 2 kids. 

- 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?

Same reason as why I hate child molesters, ISIS and HAMAS! 

Tonight might be too short of notice as my wife and I just had our 2nd child last week.

My parents and relatives are always shooting down the thought of multi-families. 

I’m moving out of the house soon and will be living rent-free with my wife at my parents' place in the Bay Area due to some recent life changes.Here’s a breakdown of my situation:Location: Sacramento, CA (4 bed, 2 bath, recently renovated)Current mortgage payment: $3,940/month (including escrow)Mortgage balance: $475,000Current home value: $515,000 - $535,000 (based on comps)Rental estimate: Property management companies are quoting $2,600/month (with fridge/washer/dryer included), but some websites suggest it could go for up to $3,000/month.Planned budget:$540/month for capital expenditures and maintenance$100/month for lawn careTenant to cover utilities (gas, electricity, water)7.5% vacancy rateWe bought the house thinking it would be our forever home, but with our current situation, I’m trying to figure out the best long-term plan.