Don't want kids and their parents carrying things walking across the street, in the middle of the street. 

Money isnt a huge issue, I would be going into the purchase with personal savings as well as a gift from my parents.

., property damage, an incompetent guest leaves the stove on or the property unlocked, a guest brings a child to the property who hurts themselves and the guest files a lawsuit, etc., etc.). 

If I wouldn't lay my child on the floor, it needs to be remedied before advertising for rent. 

He inherited the property from his parents years ago. 

Good morning,My parents are currently renting out their 70's era manufactured home.

As a parent of a son who is starting his sophmore year at Indiana University Bloomington this year, I thought about doing this for him. 

My parents have a small portfolio of single family homes that have all been paid off this past year leaving them with about a 1.5 million in equity and have HELOC's are in place on a few of those properties.  

I see them paying anywhere from $450+utilities to $700+utilities to rent rooms without a pool compared to paying $800-$1200/mo for 4/4 apartments.Some students who rent rooms come from families with money so their parents can co-sign as well.

It is basically impossible for anyone here to afford real estate except for wealthy overseas investors, those who had houses handed down to them from their parents/family, and the top 1% of income earners.