Frankly, I wasn't very sharp about guardianships but the kegal groups that I was active in were all happy for a warm body to organize grandparents as if baby ducks; people who were sadly trying to raise their grandchildren when kids were busy doing drugs or jail time.

@Michael Walker Yeah man, the vast majority of my knowledge, education, and experience has been through that organization! 

What you have here Jim is what I refer to as a "shiny object of distraction".

(Over kill))File Cabinets to hold tenant filesDymo Label Maker to make my Index Tabs You see, the more organized you are and the more professional you are, speaks a great deal as to your credibility. 

I would get the nation organization to co-sign if you are worried about all of the bailing mid semester for some reason.Junior members does me underclassmen, or grad students back and living at the house.Your lease would be with the fraternity organization, not the individual students.Alpha Beta Chapter 18 agrees to rent 123 Main St from Dave Shapiro for the sum of $10,000 per month.  

We have several properties, between family members, and we are going to officially organize into a business entity.  

many things in residential construction are not hard to learn but spend some time learning those basics.The more detailed you are, the better you define a scope of work, and the more organized you are the better your contractor will feel he can work with you and make money.

I have noticed a multi family homes that need work that could possibly meet the profitable cash flow objectives.

Ultimately, my objective is to have enough cash flow on my properties to be able to quit my job in the future.Also, does anyone know about the tax implications on holding a real estate portfolio?

I wish you the best of luck.I help organize a Real Estate Investing Meetup out here in Seoul, South Korea.We have meetups once a month and we LIVE broadcast our last one on Periscope.I've connected with a few Tokyo BP members through the site.