My parents had moved to another state, I later followed and got a job.

Even though I grew up with my parents/grandparents/uncles/aunts/ and cousins all in the real estate industry, I'm learning new things every day thru the podcast and blog posts.

It's going to be a joint venture with my wife and her parents.

She moved in with her parents until she could afford to turn them back on.

Then I will either:sell house to parents of upcoming students or an investorormove out and rent 3rd room and keep as investment property1st offer 44,800 (denied)2nd offer 52,800 *Denied under assumption that I would not be able to get property habitable within 60 day move-in period.

Life change (illness, death of a parent or spouse, retirement, etc.)?

My husband and I don't own any flat roofs, but my parents own a complex with flat roofs which had the roof drains plug up with leaves.

I am insulated against that hit somewhat because my parents have the cash available to put back into the IRA if I failed to secure the funds within the 60 days.

I didn't go to school for this, my parents don't own rentals, none of my friends own rentals.All I've really done was save a (considerable) chuck of change, buy a house and find some people to rent it to.

It is like having a parent tell a teenager to follow the rules and they act out and say things like "yes moma dear" with an attitude and the parent is unable to enforce because they get worn out.