In this area there may be a bit of appreciation but I'm not counting on it as being significant.

Such as blackjack if you're counting cards.

The 50% accounts for vacancy already so you're counting it twice right now.

What is the car count each day on the road?

i believe that most lenders won't count the rent as income if it is paid by immediate family (though it wouldn't qualify anyway unless its been on your tax returns for 2 years by most standards anyway). also, you are assuming incorrectly for probable vacancies. many states now require students to take atleast 1 summer session and many students will stay in the area regardless as they may have jobs or other obligations. when i lived in the dorms when i was in college, i used to hate it when the dorms would close for periods of time (ie between fall and spring term). such a hassle!

In fact, that's essentially what the banks do when they wrongly foreclose on people's houses...and maybe I'm in the minority, but I still count on the government to protect me from both individual criminals as well as corporate criminals who are trying to infringe upon my Constitutional rights.

If so, then selling the one to buy another somewhat defeats the purpose (assuming your first property is a good one and cash flows - if not, you might consider selling and cutting your losses on that one).

It just violates this one code.While waiting on replies, one suggestion I thought of was just tearing up the leases of two of the tenants and officially renting to only 4 others (my wife and I count as one person because we're married), treating the other two folks as guests in our home.

18 years old, if you count trading stocks

The 4th unit you will be living in so I am not counting that one.I know you like the lady and she likes you but emotional investment does not make you successful in real estate.