Now, when you're leasing get the parents to co-sign the lease (almost should be a must) that way if the student trashes your unit the parents are on the hook, or if they skip town or don't pay you can hit up moms and pops. then you might want to set aside more for maintenance and stuff, kids are just harder on things than adults.

This strategy is called “expert positioning” Robert K is also in the entertainment business.

@Ashish Yadav trip hazards are a concern in general...and especially concerning for older adults or individuals at risk of injury from a fall...after looking at the images, it looks like this entire room is sunken...assuming its a repurposed space?...

I'm in a bit of a crunch because my landlord is entertaining conversations/offers for a buy out of all of his 35 units (including the triplex).

I should note that the 3 young guys who rented come from good backgrounds but they are just simply stupid -- and maybe I am a little too for thinking they would be responsible young adults! 

It takes an average of 60 days to find a tenant and attracts mostly college-age and young adults who are hard to vet due to little to no credit history etc...My Realtor says if I sell now I can get $1.6 million and I'm very much considering it although I doubt I'd easily be able to replace it with something else as the market is very tough right now and it'll likely take me awhile.Just wanted to hear any opinions anyone might have.

The other adult children of the owner are now renovating the house prior to sale.

I was looking to hear from experienced fellows in my area by suggesting what strategies are good for a young adult starting out with a small budget or maybe if i should look out of state.

Inherited a tenant that already had 2 adults and 3 small children living in a small 2b1ba house.

Investing in real estate for passive income is a great pairing for those that work in the entertainment industry.