I paid for a college education.

For example to become a licensed broker where I operate (Ohio) you need to go through government background checks, have worked in real estate as a sales agent under another broker for at least 2 years, have a college degree, have a physical store front with office hours, have done at least 40 transactions and much more that I can't think of off the top of my head right now.

I am leaning towards renting it out to college students (room by room) in order to maximize my cash flow and due to the fact that it is within a 10 minute drive to campus.

One are college kids coming to the many great schools here in the Bay Area, Sanford, Cal, USF, UCSF, etc, they enjoy the city and their friends and stick around for awhile starting their careers.

I only wish I had known better and found a way to start years ago while in college.

Single family house near a college, previous owner bought it after it was in a fire last year, all new systems, basically new historic 100 year old house.Purchase price: $195,000, $5000 downRented for $2000/month, monthly cashflow after expenses (including, taxes, vacancy, repairs etc) approx $350/month2.

I live and manage in a college town, so all properties basically Turn on August 1st.

They mostly just keep that in their back pocket, so they can make citizens happy when they have a bunch of college kids causing trouble next door to their homes. 

And what a great market to be in right now with close proximity to the local college/university.

Do you have to dip into your kids college savings to survive?