I told my parents when prices drop maybe I'll get a property in Clearwater. 

Do you have someone who can co-sign a loan (ie a parent)?  

The other tenants will see her as an equal instead of the landlord's child living for free.3.

I am learning the hard way that 2 bedrooms appeal to single parent families and students, 4 bedrooms appeal to dual income, or students.

However, I think it's worth noting that while the profit margin is lower, your ROI as a percentage, when using Other Peoples' Money (OPM) regardless of whether it's a hard money loan or your parents' trust fund, is higher because your investment is much smaller.

My parents had a couple of rentals and I know people who have been landlords for 30 yrs.life styles is a good place to start if you have no knowledge, they will give you the tools necessary to succeed. 

Get insurance lined up well before closing so now would be a good time.You need a landlord policy, slightly different (and usually cheaper) than a normal homeowners policy.I have been super happy with USAA for our rentals - if you or your parents served then you can get USAA, they are set up to work with landlords.

In our culture, the parents work to support their kids with the expectation that the kids will one day take care of them when they are old and need help.I was just wanting to seeing others' perspectives in this community.  

The Wolf of Wall Street was born of this paradigm shift, Bernie "the bastard" Madoff was it's love child given unto the world. 

I would rent by the bedroom to each student separately likely with their parents as cosigners.