Luckily there is no law pertaining to length of lease.When I'm in doubt with a new tenant I go for the month-to-month lease.Except for college students where I get the good ol' Parental Guarantee!

They have more capital, but we have a longer job history (they are both working students, one finishing her masters this summer).

l quick here.I just finished about a month of testing this with my students and I thought some of you might appreciate this too.

That AD that you quoted from the owner sounds EXACTLY like stuff that gurus peddle to their "students" ...

We're in our 2nd year renting to students and haven't had a late rent payment until this year with one of our students.

In the case of student housing, typically, the non-occupying co-borrower is the parent of the child and the student needn't have much income (or any).

Now he is sitting on a lot of cash and I asked if he would be interested in carrying the first trust deed on this house and I would use the money to pay off several small loans that I have (ie. student loans, credit cards, etc....)

I don't know North Haven but around Grand Rapids you can have one block that is horrible and the next block is college students and FHA buyers....

So far, my outline is 5 years of paying of student debt, saving, learning, and buying another home (I own one and am currently renting a tiny place to save $).

It seems to me that the extra income and building of equity would be better use of my money than paying down the principle of my student debt.I have about $50k in student loans.