I have two triplexes renting to students in Chicago. Each unit is 4 to 5 tenants. Because they are students the longest they stay is two years. The students are usually from all over the country. I also have parents s...

I've got a client looking at 1br units in Capitol Hill right now and we've seen the rent roll on two other spaces that have only seen increases or steady rents with virtually no vacancy.Also, my wife and I have two condos in Capitol Hill, one of which we live in (and had a third that we sold earlier this year).

If you knew, for example, that you had a terminal illness that would kill you in 2 years, there's virtually no job you could plug into the right side of the equation that wouldn't outstrip the left side of the equation:Lifetime average earnings ($0, since education>lifespan) - cost of college (let's say $10k per year) > McDonald's burger flipper (minimum wage x 2080 x 2 years): FALSE, since ($0) - ($20,000) does not exceed ($31,200). 

That said, we rent to a lot of students and virtually none of them have a washer & dryer when they rent our properties, so they have to obtain one, have it hauled in and installed, and then move it away when they leave.

If you had a track record of projects, where I knew I'd have virtually zero time invested and could get 50% equity, MAYBE if it was a slam dunk project.  

Virtually any lender can do this loan for you.I hope that helps?

Have you considered hiring a virtual assistant for a few hours a week?

If you were in my area (lots of shoreline, SF Bay Area) I'd also suggest looking into "floating home" lenders, same overlap, but I'm guessing there isn't a lot of that in Dallas.There will be virtually zero overlap between folks doing FNMA 30YF, and that would lend on this.

That can be very expensive for virtually zero monetary payoff.

Still others have said if you know them for a set time (ranges from 30 - 90 days, or have "at least 3 contacts, between in person, phone, and/or virtual"), then that covers the "established relationship."