Most millennials mindsets today are live with mom and dad and save money so they can vacation and post pictures on social media.

You could charge a non-refundable deposit and make money on the monthly spread on the rent if you do a Lease Option and make more if they use the purchase agreement or you might just lease again if that is in demand in your area.Many people get turned down for their financing but they are very able to make that payment at a higher rate than your existing mortgage that you continue to make those payments on time. 

Kris is on the right path.It could work if you scale up (deal size or number of deals) to spread the costs.

We look these people up on social media site to make sure they are real .

You can also spread your money into multiple investments rather than having your eggs in one basket.I suggest looking at companies that specialize in providing turnkey properties for out of state investors.

If that amount is not inconsequential, spread it out to increase the cash flow.

Maybe it was the way they took care of their car or something that you found that they posted on social media Etc.

When that's a $50k furnace and you spread the cost over the time you've held it...My recommendation is to find a way to split out the electric, heat and hot water.

Money is king, larger apartment communities usually do Low deposits and second month free, but here are a couple of outside the box ideas to get the word out and rented;In this day and age, social media is king.

For instance, if a potential mentor seems to complain a lot about not having time to create flyers, business cards, or keep their social media content updated, if you have the time and knowledge you could offer to fill that need.