I'm 33 and my wife and I just had our first child.

I also had my eyes open as a child watching my parents manage their one house.

The state of MA also requires all rental units to be deleaded if you're going to rent to a family with a child under 6, plus, they have recently changed the law so that you have 90 days to start the deleading process in order to remove liability of the past tenants.

I used to travel to SLO quite a bit when I was a child (I grew up in the Central Valley); what a great area.  

Many tenants probably operate home offices; just like prior posters, I'd say that should cause no problem, many people work from home nowadays.One of my tenants ran a child-care center from her apartment without me knowing- when I found out, I decided I could either shut it down or let it go.

My oldest is heading to Winston-Salem for at least a 2 year stint working at Wake Forest and, as a good investor parent, naturally want to buy an investment property for her to live in while there.I know nothing of the market there and need help in making this purchase.Only known requirements at this time...Safety of course is dad's #1would like to make purchase by mid-late summer 2017.close or convenient to Wake Forest2 bed at least / 2 bath (would likely have a rent paying tenant in the property as well)Easily rentable for when my child leaves in two yearsNot so concerned about equity appreciationAny help is appreciated, what areas to look in,  what kind of returns to expect (cap rates, ROI, etc),  a good wholesaler/broker/realtor to help in the search...just the normal investor information we need to know.Thanks in advance.

Or, it could be a small fraction, perhaps $25-50K.Connecting with the "alpha" child of the owner will likely get you the most traction in pursuing thus opportunity. 

It may sound bad, but it's similar to a parent/child relationship.  

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

Parcels may be redeemed from foreclosure at any time up to the day before the auction, thus we do not know what will be in the sale until the morning of the auction.There is no redemption period after the sale except in cases where the owner on the day of the sale was either a minor child or a person adjudicated to be legally incompetent.