Without you meeting dad and talking to him, you really do not know if dad has any knowledge of this rental situation.I have had children apply for my rentals using their parent's id and when I looked up the parents phone number on the web the parents knew nothing about what was going on with their id being used.

Tell your parents hello.

Current rent and housing expenses are super cheap at about $600/month.Cash on hand: $158kAvailable Investments: $65kAvailable IRA: $113kI have no debt besides my living expensesAlso, I took the last 2-1/2 years off of 'work' so I could take care of my elderly parents.

So I kind of know the basics of real estate, but a little background about myself is that i just turned 21 years old, I live in New York, and I have about 50k saved up and I want to get into real estate, I currently have a pretty good credit score, and my question is, should I buy a multi family property because I would like to move out but house hack but should I look into New York or should I branch out and look into PA, NJ, or upstate New York, considering I still live with my parents and just started to pay rent.

From my understanding, the family member believes that to best protect himself, the parental guarantor should be listed as the tenant on the lease and the college student tenant should be listed as the guarantor. 

This includes the owner’s spouse, domestic partner, children, grandchildren, parents, or grandparents only.

I am a teacher in Wichita Kansas and one of my parents has expressed to me their situation over a series of pick-ups.

And so do their parents.

There are three possibilities for the difference in claim payment vs repair cost:1. some of the damage is not covered2. they are withholding a portion of the claim payment until you show the work was done (if the coverage is "Replacement Cost" this is often the case on larger losses but normally not on this size)3.

They often allow exceptions for students who still live locally at home with parents.