Like Kathryn, I was also a "student" in the Rich Dad program.  

As much as believe I'm a student of history, my friend J Martin calls me the professor of economics.

Real estate investing has been my profession and passion for over 12 years now. 

@Lenny WilbournLets leave this for the lawyers to answer but I will guess if this condition is not stated in the contract papers, you may have to swallow the hard pill.But this rightly raises the issue of ethics in the REI profession.

IE that they are still on the hook for the loan and if your student fails to pay on the first they are liable or it will trash their credit.Also how do you prepare your students if the loan is called when or if the alienation clause is envoked...

Do you do different type of lease agreements based on the college semester or are students responsible for the summer months as well?

I am not familiar with this one but I would probably want to talk to some of their current and/or previous clients/students for their perspective. 

He told me he is a 50 year old millionaire from CA and he has fourteen students.

That's not to disparage the legal profession, I just think it's a clash of personality.Still, although I wouldn't make the same choice over again, I am trying to find a silver lining. 

first of all thank you for replies.im thinking to get a loan for 150k. buy a house for 100 and use 50 toward reno. i have 10 years of experience in house repairs so im planning on doing some repairs myself. i have many saved and i just paid of all my credit cards, student loand etc. also how soon can i sell my house meaning by law do i have to wait 2 years since its my first house?