They are have a wealth of issues (untreated mental illness/substance abuse etc) that would need to be addressed before suitable housing could be found.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each don’t cover.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I personally think the credit card play is dangerous if you are borrowing and you have no real CASH.. you could make a mistake on what you use the money for and end up with massive credit card debt.If you can afford to pay them off if you make a boo boo then I don't see any harm in it if you want to give it a go.I know I could go out and get a couple hundred grand in credit card limits..

You can also go to: Tools >> File Place and download the spreadsheets others have generously uploaded.Either way, I would follow Tyler's advice and start networking/walking properties. 99% of the gurus are marketing hype with little to no actual substance or operational experience. 

I’d never advise anyone to put themselves in harm’s way; but if you choose to, there are a few tricks you should know.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Again, that wouldn't so bad except that, at least given the market that I'm familiar with on the list, it's not only not helpful, it can actually be harmful.

I would also require the tenant to have the parents sign a liability waiver that also adds you on there as well stating that if the child is doing something that could harm themselves, that you are not held liable.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.