I'm sure there are many exciting opportunities down there, but I hope you're prepared for the challenges that may go along with those opportunities.Maybe you could tell us a bit more about yourself and your experience in real estate?

After Sept 1 things slow down.Charge a sublet admin fee if you can.First year students are more likely to bail mid term than 2nd yr +Get parents to co-signBe prepared for May bail outsTry to rent to professors and infrastructure workers tooRents are usually higher in university areas of cities

In PA, almost all of the transactions use a standard form prepared by the PA Association of Realtors, even when Realtors are not involved.Also, I have my attorney involved in every deal.

The same applies to "Dealer Status", IRC does not specify a number of deals that make you a dealer, and there is cases where 1 deal was a dealer and 100 deals was not a dealer.Both of these questions will only come up if you are audited, but you better prepare your response now while you have time to provide justification.

She needed me there the next morning prepared to run my equipment 24 hours/day OVER A WEEKEND!

I know it will be a lot of work, but we're so far taking the steps to prepare for it (like reaching out to this great community!)

IF you are prepared for this, then jump.

In this circumstance I would make sure you have a good lease prepared by an attorney.

I'm currently enrolled at a Community College (CCSF) taking classes to prepare for my real estate licensee test so I wanted to chime in on the discussion.

I also feel I have a different approach than most, I genuinely look for and expect the worst so I am prepared for this outcome and when my predictions are wrong it is usually to the better and it makes the tasks go much smoother because they were planned with a worst case scenario.I work a full time job that usually is easily a 50+ hour workweek and then do my real estate business outside of that as well as maintain time for my young son amd wife.