The downside is the likelihood for more damage and more headaches dealing with a bunch of college kids.You need to have parents co-sign for these leases, and actually meet with them and make them understand that they're responsible for any damage to the property.There are a lot of threads here about student housing if you do a search.

I am originally from spfld and my parents still live there.

Chad, you might visit your parents house once a month but do you know about every dripping faucet or spot in the basement that water comes in wkth a heavy rain or rattling pipes or inadequate drain lines.

If you have an inviting path and dock on a pound it won't be long until kids are there and sence it's private property expect to deal with the parents of an injured or drowned child.

And the good advice was to talk to appraisers in your area and see how they think.Here's a game I use to play with my parents who were Realtors.

I hope to be sucessful in Real estate in the next 5 years and be able to take care of my aging parents and in-laws within 10 years.

You would want to make sure you have controls in place to definitively keep each of the assets and liabilities separate for each underlying entity.Another concept you might think of is actually opening the company as a legal entity with your desired name and then turn that company into the parent company and manager of all of subsidiary companies consolidating up into the parent.

The property I am pursuing is owned by the seller but there is a additional lot with a garage that is owned by the sellers deceased parents.

Alright, so my situation is Monday I will be making an offer on an HUD foreclosure with full cash that my mother is giving me from a mutual fund that was to be my inheritance(60K).

My agent has suggested that my mom...

We have mine , hers, and ours kids.. and managed to get all 3 together yesterday and go to my parents' house, and out to eat with Dad.