If you choose to go down the lease option route be sure to hire an attorney that understand the very specific requirements need to be followed.Several years ago, Texas revised its lease option laws in response to widespread misuse by landlords who collected substantial option fees from tenants unlikely to afford the purchase, only to evict them shortly thereafter.

We have kept up on maintenance and we just renovated the lower level and upgraded the plumbing so we do not anticipate too many issues, but you never know what tomorrow brings when you have a 60 year old house!

They have never paid the 5K back5- Our property management agreement states that it’s required a 90 days written notice to terminate the agreement.

Financial freedom requires maintaining your lifestyle for life.

Renovation loans such the 203k, Homestyle, Choice, etc. for a project of your size will require 1 GC to run the project.

@Emre Dura you may want to connect with @Drew Sygit to discuss this in further detail after reading below...All foreign investors owning U.S. rental property are responsible for paying taxes on any and all rental income they earn in the U.S. regardless of any tax treaties that may exist.Since some of the regulations and requirements can be confusing, Logical Property Management (LPM) has created this document to summarize the options for a foreign investor.

To my knowledge security deposits are required to be in non-interest bearing accounts unless written approval from from the tenant.

When you have turnover you will almost certainly have maintenance costs.

The age of the housing stock coupled with the inexperience of a student tenant might make it difficult to keep up with maintenance without a strong property manager.

For example, lower down payment requirements, FHA loans, and other supportive housing policies make it possible for more people to buy homes despite the high market barriers.Another factor might be the generational wealth transfer from Baby Boomers to Millennials and Gen Z.