His parents were the cosigners on the lease.I have never dealt with a collections agency, I am assuming that will charge a percentage fee of whatever is collected?

With both of us working FT, managing 10 rentals, and parenting our kids we could no longer grow unless one of us left our jobs or we hired a PM.Managing one or two annual rentals is not difficult for most people, especially if you are local to the property.

Investment Info:

Single-family residence buy & hold investment in East Stroudsburg.

Purchase price: $92,000

Cash invested: $6,000

I bought this property with an FHA loan. I just moved out and thr...

Would love to hear any success stories of college students / parents who used the FHA Kiddie Condo Loan

At the time I was a single parent and wanted a neighborhood that was safe and a primary residence that I could live for a few years.

My plan was to house hack to have my parents live in one and rent one out. 

Just wondering if you set up a Go Fund me and donated to yourself using the credit cards if there would be any drawback.

I'm lucky enough that my parents are allowing me to live at home for free for at least the foreseeable future so I want to take advantage of that.

I decided to use the equity and I got a HELOC last month that I used to buy my new primary residence in MI where i grew up and my elderly parents still live.

The KEY however is to ensure you have parents as guarantors!