A "kiddie condo" is the concept of buying a residential property with "owner occupied" rate financing made possible by having an adult child living in it, if only while they're in college or single.

Hi Kyle in Bryon-College Station, Texas-Great question!

@Austin BrummettCongrats on graduating from college soon.

Three colleges/universities plus a community college in town with a rapidly developing downtown area.

I know one situation when a college professor owned a house near campus and other professors had signed contracts for renting the other rooms.

My 14 year old now makes over $100/month passive income from her % owned and my 10 year old is at like $65/month.In this process we are building their interest in real estate, teaching them the value of putting their money to work for them, and all the while growing our investment if we need it for their college money some day! 

I'm actively working 3 different jobs while also balancing college (luckily my father was in the military, so i can schooling for free with the GI Bill).

However, after learning about house hacking, I tell every high school/college aged person I meet or know to do this because of how great it is!  

I got my Broker's license out of college (I am in my 50's now).

Look into high-demand rental areas like Pine Hills (near colleges) or Delaware Avenue (affordable multifamilies) and consider the BRRRR strategy if you're open to rehabbing properties.