@Yusuke Koike if damage was that extensive where the unit is not habitable, check your state/local landlord tenant laws as some just require you let them out of lease, return deposit and refund rent for any time they’ve paid that they can’t live there.

You should be sure to run a credit report on the parents to ensure they are well-qualified and of course able to cover the rent if the student cannot.

I want to use this opportunity to kickstart my real estate journey and am evaluating two options:- Purchasing a duplex and renting out one of the properties- Picking up a single-family rental in the area (alongside the apartment we use ourselves: either rental / owned depending on pricing)The two cities we've been exploring are Carrollton and Richardson.

Initially he started doing is own bookkeeping and after his 2nd deal he said " If you can help us everyday, I will take your challenge to cover your fees and you and your firm can be our CFO"Challenge - Buy 5 properties and sell or rent at least 4 in the first month.

It has been a huge success so far, some major rents being collected in NJ :)

Depending on your near term goals, one idea would be to hold the property and rent it out to let the property season for 12 months reducing your taxes as you will not be hit with short-term capital gains.

Hi,I am close to Huntsville and I have done house hack twice on which I have mortgages so I am good there..but two of the houses I paid cash out and fixed it and have rented it.

@Bruce Cook first find out what the law is, if you are under rent control you need to thoroughly understand the law and raise rent probably to the maximum you can (if rent conrolled).

However, I need to rehab the duplex because the previous tenants moved out and I need to get it rent ready for the next tenants.

Able to keep the tenants and increase rent by 50%.