If you are married and have a partner that doesn't work, you may be able to do this if you keep good records and are essentially managing the properties yourself. 4.

To essentially re-create a dorm space would be a big turnoff, and it will not sell in the future to anyone that isn't trying to do Student Housing.

Building this foundation seems essential for success.I have just a few questions and would greatly appreciate any of your insights:1.)

Specifically, do you stipulate rent is due on the typical 1st of the month?

Typically, they track down heirs to properties that are owned outright but split between many family members that may or may not communicate with each other or even know the FMV for their portion. 

We have rented to families (typically single parent) with children. 

May I ask what you typically use as a holding fee (amount or % of rent)?

Hi Jordan,John rates are typical but NOT if this property is located in California.

If the changes were done legally, in accordance with the HOA covenants, you are essentially out of luck.

I typically allow my tenants to rescind the 30-day notice as long as they are up with their payments and are not violating any rules.