Our (adult) children know all about our holdings, real estate and otherwise, how much we've invested & how much we've made, but most of the other family members don't even know we own rentals.We discuss renters, rent prices, house prices, strategies, etc. with others in the business, but no one else is really interested, except maybe those who want to ask about things that are none of their business.

I've had the same Toyota my whole adult life.

Consider the $30-40 the cost of doing business and then do your best to avoid typical consumer debt for the rest of your adult life

Then, rent it out as a young adult group home.” - my mentor

Now, as most of my children are adults, I find myself ready to revisit this.

You have 3 salaries coming in, you have 3 adults taking care of the place.Go over the subletting point on signing too just to be sure they have read it.

Failure to do so can put you in a bad situation if you just turn over keys to his "sister", especially if he has more than one sister, or perhaps adult children, and they are not all on good terms.

I have assured my tenants that there will be no move to put people on the street if they are truthful and act like the adults I expected they were when we signed the lease.

I especially want to create a niche for young adults, though I don't want them to be my only focus.

As an adult, seems kind of surreal that growing up everyone knew Whitey ran stuff in Boston, and it just was that way.