I listened to the $1,000 series of "Doctor Cashflow" CDs, including the very last CD, which he hypes quite a lot in the first 5 CDs, and which purports to tell you HOW to approach the nonprofits who do the housing referrals for cognitively disabled adults.

This way you can legally watch them, to ensure no additional occupants come into the home and so it doesn't get trashed.Talk to the tenants like they're adults, let's hope they react that way, and see if you can find a win-win.Did the parents decide to move in early as well?

They can give you average water usage per adult or child in the aggregate and what that means for cost.  

I know in the end he will say to just keep the money but I am a responsible adult and will pay him back.

If you ever want to sit down with a cup of Joe (or your favorite adult beverage) and talk about flipping strategies in the area, just drop me a line.

Not to mention the impact on parking, trash, etc. that just happens if you want to cram 5+ adults in 5 bedrooms.  

Your young age isn't really much of an issue - as soon as you turn 18 you're a legal adult and banks will view you just as anyone else.As far as getting a traditional mortgage loan though, you'll still need the same 2 factors everyone else does: credit and income.  

That's a great question, Marc, and frankly, I don't know the answer, but will call on Monday to find out how to handle potential tenants who don't have internet.That said, I've had section 8 tenants and know many others who work with low income tenants, and when needed, these people can access the internet.Consider this:Here is some data from the Pew Internet Project:In a national survey between November 30 and December 27, 2009, we find:74% of American adults (ages 18 and older) use the internet -- a slight drop from our survey in April 2009, which did not include Spanish interviews.

I'm a young adult (18) going off to college soon, and have always been keen on investing.

You can have a co-applicant, if someone else is willing to be financially responsible but not live in the unit - this is common for college students, and sometimes with older adults who have bad credit but otherwise good income and their parents are willing to co-sign financial responsibility - but no one should live in your unit over the age of 18 without being checked financially and criminally.