ThanksThe truth about it is that there are 2 out of 3  beneficiaries that would NOT want me to benefit in any way, especially any monetary gain.

No company is paying for my insurance or benefits and all those costs unlike many ppl who sit at some companies desk gets paid for even if it’s not in your check!

Also, don't forget if you are giving them any other benefits like health care or vacation or sick pay, or 401k that will cost you more. 

And if we can gain access to the equity via a LOC then it kind of serves the same purpose as what I was attempting to do by putting a 30 year on it.  

Flipping a house counts a short term capital gains so if you make $20k profit on that flip you really are only bringing home $10-12k.

Although I understand many of the points about "he may be completely safe and a good tenant", the bottom line for me is that at the end of the day, I don't want people like this associated with my life in any way shape or form..... don't need the anxiety or stress....If someone else wants to be the saint and help this guy out, then that's your choice and more power to you..... for people like this, that just isn't me....I don't want to have anything to do with you.... not on a personal or professional level.... you can be someone else's problemIts one thing to have a criminal record and throw them some sympathy and help them out....for me its a whole other deal to give someone the benefit of the doubt and help them out when they are a repeat child sex offender.

I've been exploring the discussions addressing IRC 199A and the IRC 162 requirement that must be met in order to obtain the new tax benefit under 199A.

Since I expect to move on campus for the next three years, I don't want to pay around $36,000, but rather buy a property as I think the benefits outweigh renting. 

You also have the benefit of having parents pay the rent instead of the actual tenant. 

So if your real gain was $105K or less you will pay tax on all of it.There are a couple of things you can do to mitigate.1.