Defining "living there" can have several tests to meet; uses as a mailing address, address is used for voter registration, address is used for school registration or employment, drivers license listed address, is unrelated and stays longer than 7 days, maintains personal property at the address in excess of 7 days of personal are just some of the requirements you can include in a lease to define residency.Bill

See following for rules regarding excess IRA contributions (same rules apply to both Traditional IRA and Roth IRA).https://www.irs.gov/retirement-plans/plan-particip...

If there is an excess of supply, prices will decrease, thereby lowering real estate returns (probably reverting to the average which matches inflation - http://www.pragcap.com/robert-shiller-dont-invest-...).Closing thoughts:- What investment vehicle can you IGNORE except to pull 4% annually and have a 96% chance of your investment lasting 100 years.  

I want it to be worth it for him but not excessive for me.

The biggest being that they usually destroy the window and the moisture causes mold.

Why, yes that is excessive!

But for a single-family home near a metro area making $3.5K a month, $245 (which is 7%) on maintenance doesn't seem too excessive.

I watch for excessive debt levels and check debt ratings (available from Standard and Poors).

Keep the predators away, that's fine, but this is a case of excessive governenmental interference in my opinion.Sean

If it’s not actually the coach it’s probably not worth itThe people who pay in excess of 10k probably never see the real value unless it’s in some very specific skilled niche like syndicating.