I know in my experience of owning multi family, I was not much more than an adult daycare.

See, if you had only been an irresponsible adult and not paid your bills on time like you agreed to when you signed the mortgage papers you could get a lower rate!

Sorry for all the questions, but I grew up quite poor and am learning all of this as an adult myself.

The tenant's adult son, who has the same name as my tenant, answered the door and my dad gave him the notice.

That's what I do.My lease specifies where tenants can park per city/neighborhood rules.One adult could have one car and 10 kids... occupancy and cars need limits on each (assuming your area allows occupancy limits on humans in bedrooms).If your tenant has too many cars, does your neighborhood fine your property... or put a ticket or tow the car itself?

I am very new to flipping houses, however I have been in construction and remolding most my adult life.Currently I have three houses on the market, from my calculation and with my real estate agents help I priced them at what i think is just below market value.

My question is, what do I do with the adult son?

Well, I'm married with two young adult children and we also have one in the oven.

(highest and best use with repositioning)Maybe there are many apartments in the area but none that cater to senior living.By having demand and changing to senior or adult living with a light rehab and change you can then increase the rents.Also if you have additional land you can build or add on later.Who holds the loan on the property??

http://www.parjustlisted.com/homeownership-among-young-adults/