Thanks in advance :)Every investor has a different risk tolerance, comes from a different financial situation, and has different financial goals.

No matter how long a guest stays compared to policy there will be an explanation or excuse or expectation that you will look the other way.Hopefully people understand that with you living next door there will be more enforcement of the rules, but you need to figure out what you can tolerate becuase they are going to push you to the edge and trying to be ultra strict may backfire. 

Ultimately, this will come down to your own risk tolerance.

Here's why:Future Cash Flow: Once your debt is paid off in three years, you’ll have a solid cash-flowing asset that can provide ongoing income.Asset Growth: Property values, especially near a university, tend to appreciate over time.Debt Reduction: You can leverage the rental income to pay off your debt, essentially using your investment to achieve financial freedom.However, personal comfort and risk tolerance play significant roles.

Choosing between Cleveland and Columbus for your real estate investment depends on your goals and risk tolerance.

@Marisa VoelkelI think having properties in their own LLC is not necessary for the reasons that @Andrew Syrios and @Benjamin Aaker mentioned.It depends on your risk tolerance and ability to keep organized.

Where you put your money depends on your risk tolerance and knowledge. 

It can be risky and if you yourself get into a situation where you have a loss of income, having a HELOC can be a saving grace whereas ifyou pull from it for a home and then cannot make the payment they will not allow you to draw on it.For me, all about risk and risk tolerance, - which doing this for me adds a significant layer of risk.

Even if it's $400 or $500, that seems fair to him, and tolerable for me.

Barking which becomes a nuisance to other tenants will not be tolerated."