I have raised 2 boys as a single parent that are now 29 and 24.

Hi There.I'm a newbie landlord and i have an application for a prospective tenant.both ladies will be renting my 3-bedroom apartment and they are both moving out of their parents house for the first time, which means that I will be their first landlord.

In the mean time, we are living with my parents and saving money.Questions:1.

However, since I do not have any income and do not want to rely on my parents for money, I am not comfortable with these options in case my first deal happens to go south and I end up losing a substantial amount of money.Upon listening to the BP Podcast #197, with Chris Heeren, he describes a situation in which he utilized a college student that was eager to learn to help him with certain areas of his work and another individual Chris worked with where he would mentor him through his own deals.

This was a choice my parents made and really wanted to do.The house we currently live in has around 68k left on the mortgage.

here is a great threadThe landlord evicts for his or her personal occupancy, a resident manager, or that of the landlord's spouse, parents, or children (LAMC 151.09.A.8) - Landlords must file a Landlord Declaration of Intent to Evict prior to giving notice to tenants (see, Evictions For Occupancy By Landlord, Landlord's Immediate Family, or Resident Manager);http://www.yourlegalcorner.com/articles.asp?

My parents own a few properties there and i got normal tenants not students.

But the one in my parents in laws' old house did have a stall built around it, and in the newer house a bathroom.

You could always collect a larger deposit and have the parents co-sign the lease.

My parents had a renter that requested a 220V outlet to run a welder, they agreed.Short story.