We do it but then we rent to students.

Lot's you can to to build-in profit and expand margins along the way.Also, bear in mind that most sellers don't have the knowledge you possess.

Pertaining to what your responsibilities are as a landlord pertaining to the TX Property Code-http://www.statutes.legis.state.tx.us/Docs/PR/htm/PR.92.htm#92.258(g) A smoke alarm that is in good working order at the beginning of a tenant's possession is presumed to be in good working order until the tenant requests repair of the smoke alarm as provided by this subchapter.There may also be local city ordinances pertaining to smoke detectors.

Otherwise, why bother filing for "adverse possession".

this is one of the first things i do with my new students.

Then, down the road, when you actually have assets that need to be protected you can engage a good attorney who will help you protect your assets from a 360 degree perspective.The gurus tout using LLCs and other entities because it stops people asking them why they don't do any deals the way they say their students should.

So this is my dilemma: I have no money at all right now since I'm a full-time dental student living off of student loans, so at this time I'm in no rush to start investing.

Now some people on BP talk about renting to college students by the room, in fact my son is renting a room in a house near his university and it works out very well.

Although, I'm just a college student trying to learn about real estate investment and have no experience with renting/selling properties or raising kids.

In college, I wrote a business plan regarding the purchase of foreclosures well below market value and turning them into premium student rentals in a market that was in short supply.