My parents bought a house and the monitoring was prepaid and my parents didn't know it.  

So, the Dodd-Frank Act does hit you after all.The SAFE  Act is incorporated into the Dodd Frank Act, so it's provisions are a part of the compliance requirement under Dodd-Frank.Next, the SAFE Act states (paraphrased) is that the Act is to cover ANY method, system, plan or other ploy implemented with the purpose of evading the intent of the Act.There is another issue in law that sees any closely held corporate structure, parent, subsidiaries, affiliates or other independent entities as being held by the same or similar beneficiaries of interests as being an affiliate relationship, they look behind the door to see who benefits.

I also require all students to have parent co signers to guarantee rent AND add a layer of accountability for behavior.  

I was thinking that if I learned the process thoroughly could one of my parents sign a contract or my brother (he's 20)?

I currently live at home with my parents.

I may have the option of asking my parents for a loan to pay back with interest.

Only problem I have is I only have 40k in the bank but also have a steady income of $3,800 a month with minimal expenses (Still live with parents, owe 20k in student loans) Is this property affordable for me and what is the minimum I would have to put down as a 1st time home owner?

I am looking for ways that are inexpensive at first to market to the staff and maybe parents of the school.My first and only idea is I plan on providing a bunch of donuts to the staff when they return to school during the first week with no children, I was going to leave some business cards and a sign saying "Donuts provided by (My name)(company name) Enjoy!"

Account Closed The irony, my parents and I were just having this conversation.

To add to @Karl Pierre 's statements:Get the parents to co-sign ALL of the leasesI had great success with student rentals for 2 years.