Some locations will grant double or treble damages if a landlord improperly withholds your deposit.

My parents raised me paycheck to paycheck and I go to a wealthy school so I'm always embarrassed about driving a 15 year old car to school and living in a mediocre house.

However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter.

. -- We just moved from So Cal, my parents own a rental in Oceanside!

My parents helped her move to a different place when she had a kid because the neighborhood was bad.Nick, I'm not looking to take the property on myself.

Get a signed and notarized parental guarantee for each tenant moving in.

verizon tried doing that to my parents....my parents signed up for fios when they were having a promotion of like $200 in amex giftcards or something. after a few months, they never got their cards so they called. the rep promised they would be there soon. another month goes by and they never got them. they called again and was told that they didn't qualify as they didn't sign a contract. my parents decided that they had enough of verizon's @#$% that they decided to cancel. the rep transferred them to another rep in their rentention dept who told them they would have to pay a $200 cancellation fee to 'break their contract'....hahathey never paid and told them to @#$% off!

I suppose the areas that I would feel comfortable living with my tenants are likely not great cash flowing deals.My parents started in a 3 family for 7 years, as the owners with 2 other families living there.

Understand how to have all of the college students get their lease co-signed by parents (preferably real estate owners) so that you have those co-signers to pursue for any non-payments and damages.

They can move back with their parents or move to an area where their are jobs.