The house is around 2000 sqft and only a single mom with two kids.

If you can keep the townhouse looking new and trendy for the college kids, it might also be easier to have it rented 100% of the time.

I've seen situations where parents neglect their own future to support their adult children and then the kids take advantage of the situation.

They aren't kidding.

Hi, my name is Bob Cantwell, I am 50, have two teenage kids, work as an electrical engineer and am in the process of relocating from Dallas to Austin as part of a job change.My wife and I have just sold some vacant land that was held as an investment and we are planning on purchasing SFR in SW Austin as a part of a 1031 exchange.

Wow Marty Martin you weren't kidding!

They called me and said that one of their kids left the water on in the bathroom at night.

Welcome to BP, Bob.I'd treat my kid as the live-in property manager since he is family and rent to the others at fair market value if possible.I'd probably title it in an LLC to begin with so that you could deduct business expenses incurred with the property.

Brandon - great job on the YouTube videos, I've already watched a few ones including the webinar on investingJ Scott - went to Pikesville high as a kid, so I know that area a little )Christina - thanks for the post, hope to connect at some point at one of these future meetingsJamaal - needless to say, I think it's a nice niche with a lot of potential

Keep doing you Cameron and I know you will be a successful businessman....a successful investor...and a successful role model to your kid.