Purchasing a property for your child while they attend college can be a strategic investment and a great way to provide them with stable housing.

I also think of property locations and property conditions having different classifications. 

@Ronald RohdeThe property is located in TX, near Houston if that matters.

Find a better property manager.

I only know a few local realtors/ property managers I’m going to meet with them this week to ask more questions. 

Hi folks - I am in the market for a Property Manager in the Rochester area for a 12 unit property.

New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $270,000

Cash invested: $54,000

A multi-family upper/lower duplex in Ankeny found off-market during COVID.

...

If have investment property, we are looking for relatively updated units (we are ok doing some work ourselves), class C+/B tenants, with rents either close to market rate or that can be increased.

Once they have seen the property and are interested, the prequalification and background checks will do the rest of the work in weeding out undesirable tenants for you.