Totally serious, as the small community of families I raised children with here in CA now has 3 young adults in Austin. 70K for safe, entry level housing is enticing to CA and NYC parents, trust me (I've been both).

We are set to close on June 15 on a foreclosed 4 bedroom, 3 bathroom (one bath and bed separate over the garage excellent for a college kid or...), 2,248 square foot house built in 2001 in an area with good schools for $111,500 plus some closing costs and $2,000 in repairs (one furnace, two ceiling fans, some shrubs, a piece of trim).

Colleges look at student's community service achievements.

That alone is a book to address the issues and concerns.I'd suggest you find a property that fits your skill level, could just need paint, cleaning and a couple days of a handyman.

Pretty simple.It's when you get to the retail level when you need mass media forms to inform the public.

However, to avoid such situations I would have a two-level approach.First: Before accepting tenants, I would interview them with probing questions like "how long were you renting in your previous place" or something like "Where do you work".

How well versed are you on the cost of renovating a property to the highest investment level (so I don't have to see it before making an offer)?

It may be accurate that those have reached the level of an advertised program no longer have time for one-on-one communications and have moved to a businessplan of volume and are no longer actively "in the trenches".

TO get to the current value use "comps" of properties in good condition, or similar condition to the level that you intend to renovate to.

I am 22 and a recent college grad and just moved back to Houston Texas.