I moved back with my parents twice while my homes are under construction.

We also want to be able to take care of our parents as they start aging and we believe that having passive income through rental properties is the best way to offset those costs.Thank you for spending the time reading this lengthy (I like to think thorough) introduction.  

State your screening conditions up front (income x amount of rent, or students needing parent guarantors) and people will back off if they cannot meet those requirements.

Back story: My parents bought an acre lot with a house taking up around 2800sq/ft of the acre lot back when it was surrounded by agriculture land.Fast forward a decade or so, the surrounding land has become commercialized.

Lost sleep in my first eviction process thinking could another human be such an a$$ to another.I'm current relaxing in sunny Australia as I write this (funny enough assisting my parents move into their new home) this is my second year I would consider myself a FULL TIME investor.

Quick background:My parents own 12 units in the same townhouse complex I live in here in St.

Since then my parents have purchased 5 other units personally in the same complex.

I am looking to install a washing machine and dryer.Tenants pay their own GAS and Electric.I have a choice of putting a coin washer/dryer in the basement however I don't feel comfortable having tenants visiting the basement as each have young kids which their parents don't monitor them.If I were to install washer / dryer hookups and a tenants install their own washer and dryer.

If it's one or 2 students and you get parents to co-sign , your risk is lower.

It's our primary residence so we would intentionally only book 1-2 weekends per month and then go crash at my parents' house whenever we had guests.