There is a significant amount of entitlement you need to be prepared to stand up to.Occasionally students or their parents will call and try to insult you or bully into giving them rent free housing.

I hope to buy an 8 to 12 unit building in the midwest in an area like Kansas City, Indy, Cincinnati, or wherever else a worthwhile deal presents itself that will make me around $3,000 to $4,000 a month.This will be my career I have known that since I was 7 while going to the project sites that my parents run and hearing everything from the good to the bad (I will never forget going through 2009-2012 and the sacrifices my parents made). 

It will become a rental eventually down the road, but primarily reason is to have for my parents to live in.I talked to the lender and they consider it a second home with 10% down.However,  if I rely only on 10% down and in the  end would lose a deal because of lower appraised value, it would  be very unfortunate. 

Let's assume the followingIn OhioEach property is in an LLCEach LLC has a bank accountAll the LLC's are owned by a single parent LLCIf this above setup is what I put in place, can the tenants of each property pay rent to the parent LLC directly? 

The 6% concession and the $2k gift from the parents are irrelevant to the subject of giving a real estate commission to a non licensed person right? 

Screen your tenants really well and make sure their parents are co-signing.

We purchased another condo in AL where my second child was going to school. 

Because it was wonky, I had to deal with answering questions from BOTH of the couple's parents and one of their siblings.

I think Trulia is the parent company and it's "free".

I have talked to my parents about it but I also realized that since this will be their second property, they will be taxed even more hence, I would like to have some advice on what I should do to start my investment portfolio.