The floor was some type of cheap particle tongue and groove stuff.Barbara G.I am a high school math teacher and wrestling coach by day.

A shopping mall, hotel, or 400-unit student housing development fits the bill; a suburban SFR rented out to a family of four does not.

My partner and I were throwing around the idea of taking out a LOC of around 5k which will cover floating the mortgage for the summer months since students dont move in till end of august. the mortgage taxes and insurance comes out to about 950 a month.

In Auburn would you be targeting student rentals?

We would probably sit on the cash or potentially look at other markets as the Denver market is pretty crazy right now.The only other debt we have is a student loan and we are able to save about $2-2.5K most months, which we plan to use towards properties in the future.Thanks for any advice and can't wait to read more on the site!

I think my best strategy now is to stabilize my income and eliminate some of my existing debt like student loans and refinancing the mortgage on my other property since interest rates are so low at the moment.

I am currently a college student majoring in public relations, and getting a minor in business marketing.

Ben you asked that like a true teacher.  

I will consider responsible and carefully screened students as well.

Bill is great teacher and understands the rules of this game very well.