As Mother always said, "Not all lessons are learned in school" @Simon Lloyd Council has informed us that with the bank would not be able to defend their position the property is a rooming house given the facts of the lease and the attestation from the City by-law officer.

Buyer is school teacher who works at the school around the corner.

This isn't like classes in school, but it's still a learning process.

So long as you've learned from your mistakes chalk it up to being schooled.

My wife and I own 2 duplexes in our home city of Columbus and will be closing soon on a Multi family near the University of Cincinnati where our children go to school.

I'd take that and compare it with some of the schools of thought on criteria shared here on the site.

And get your feet wet in real estate, after 5 years of owning and operating your first rental and focusing on school, you'll probably have some equity and savings $300/mo x 12 x 5 = $18k to be able to do something exciting after college is over!

Let me explain why:I am currently in Real Estate school to get my sales license and just tonight I finished my course on Short Sales.

I rented to a lot of young people- several college students, a high school teacher, a single mom & kid- they were mostly interested in living in that particular neighborhood, I don't think the apartment vs. duplex thing figured in to it.I also agree that separate(ish) yard is a nice feature if you can get it.

Also this spring I will be going to school to further my education.I have always been interested in real estate ever since I was young.