You also have more financing options due to being the owner occupant plus the option to sell after 2 years with a tax free gain if you are going the live in flip route.

Not sure the cost.

If you could find a duplex property (or a single family house that could be turned into a duplex--check any HOA restrictions first), or a "fixer upper" to live in, that could be a better use of the equity you have in the rental house.If you run the numbers and decide it makes sense to sell the rental house (check with your accountant, figure out closing costs to selling and buying) then you'll possibly have more money to put towards a primary residence.You may want to check the neighborhoods that fall in the school district you want to stay in and look in "under appreciated" areas...maybe not the A class neighborhoods, but ones that have potential of becoming "improved".While I understand your desire to stay in a particular school district, it's not the end of the world to consider other districts if they will allow you to build real estate/family wealth that will put your entire family tree in a better position."

Anybody interested in participating (every $ helps), feel free to DM me and I'll connect you with the lead.

Since this is an FHA Streamline, there is no appraisal, no income verification, no employment verification, no out-of-pocket costs, and nothing rolled into the new loan.

And ideally sell it 4 years later.If I can more or less count on the renting of additional bedrooms to cover the running costs of the house, I'm really only looking at taking a hit on the buying/selling costs - which SHOULD be lower than what it would cost to house him in dorms for 4 years.I feel like this is pretty obvious and easy (not trying to make significant money here, just thinking I could save $10-$20k on housing costs over 4 years).

Dear BiggerPockets community, My name is Dominik and I’m a software developer in my free time.

Any ideas on cost per square foot?  

Hey all,What numbers do you use when projecting repairs and maintenance costs for apartment buildings?

Account Closed Unfortunately you are correct, you are still responsible for all the costs of the property.