This is somewhat flexible depending on what is to be taught, teaching carpentry is one thing, teaching what law is applicable or teaching conceptual materials is another.   

college vs up and comingCollege will likely have a lot more turnover and be more time consuming with make ready between tenants, but will always have a steady supply of applicants with parental co-signers...

One will always say that they wish they started earlier unless if the earlier was 06-07 crisis..I started at 22 with a 3/2 condo which I just sold months ago and since have fix and flipped 5-6 properties and have numerous buy and holds as well. 

I've read here that some folks have done this, but from what I understand, I thought a lender would want to see that all of the the funds were actually coming from the loan applicant themselves? 

Anyone have an opinion on which is the best formula to use to accurately to communicate return on investment for single family rehabs...having difficulty understanding application of cash flow formulas to properties that are intended for resale...

., Let potential applicants know the situation and that you'll call them as soon as the property can be shown.

I'd hate to refi into a higher rate, but I assume it would be wise from a CYA perspective if I were to hold onto the property.If I need to include more information in order to receive a response, I'm happy to do so.Thank you so much for your time and I look forward to your replies.Hi Jimmy,You have a golden tenant and this is one of the main reasons why I would hold this property.I have been involved in numerous RE transactions over the years and know that you don't buy tenants but rather properties.In your case tho, if she has been there for so long with you owning the property over that time and now she wants a new 2 year lease, I would definitely let the above rule slide lollolThe $50 per month is not a big cashflow but the property being located downtown has potential for growth IMO.

I've read numerous posts about what the list criteria should be and what the letter should say as well as keep sending to the same owners every 4 weeks or so.  

It's helpful to get the name of their commanding officer on your application should a "straightening up" call ever need to be made to them.For the most part (and I come from a long line of military folks, including having a youngest son who is a Navy veteran and a long history of working with vets in my local VA Medical Center) we've had good luck renting to veterans.  

To me when it's in a park it's almost as if there is an HOA or application  process where the board has to like you or approve you somehow.