Plus what you stated above is what ever investor and Cal Poly parent is looking for, a fixer upper at a good price next to Cal Poly.

The down payment is a hefty one especially for a college student (most students who purchase here have their parents help).

I'm helping my parents refinance their home (older folks) directly with the bank since they are in a variable rate interest loan.

The property seems to be in a higher crime rate area (stealing, a couple shootings) and my parents and the adults around me are telling me to back out.

Sure you're going to pay $600-$1000+ a month in upkeep, but it's like keeping money aside for capex, repairs and taxes.I lived in my parents' Coop from 8 to 22 years old growing up, and when I turned 22 I began managing Coop buildings full time. 

@Courtney Trahan Parents visiting their college kids like to stay in a house vs a hotel bc their kids can come over and spend time there.

My parents are helping coordinate the make-ready and I'm paying them an hourly fee.

I recently inherited a small rental property in the East Texas area (my grandmother left it to me when she passed years ago and my parents just released it over to me) and I plan on making my first purchase on a long term rental home in the Dallas area around the first of the year.

I'm a parent myself... and while I will hand over my portfolio one day, I feel the best thing I can do is teach my kiddo how to run it and keep it growing. 

My parents have an industrial property in San Carlos, California that they have been renting out for decades.