Well worth getting to know, even if he did play for the wrong college team.

Have fun here at BP

Kind of fun watching them squirm! 

Also, are you looking for CASHFLOW or SHORT TERM APPRECIATION plays or LONG TERM WEALTH?

Unless you think the parents are in severe financial distress and simply don't have the money, I would think that paying their kid's rent while the kid is at university is pretty high up there on the priorities list.I am imagining how the late rent scenario would play out:  Student calls mom and dad crying, asking "I'm getting evicted right before exams because you guys didn't pay the rent???"  

I bet you and I have lived and played in similar neighborhoods.I am an active investor and always in search of good properties. 

To play devil's advocate a bit, the disadvantages may be (1) keeping the integrated team busy, having enough in the pipeline to fully utilize your staff and run efficiently all the time, and (2) when the market goes south, and it will, if you employ a lot of people, it's really hard to downsize quickly enough to stay efficient.  

Sometimes they will play hardball, in which case, they'll typically agree to give you back your EM if you don't want to move forward.My suggestion is to request a specific amount in concessions and see what they say. 

Had fun thinking it all/planning it out.

The $1380 is actually cheaper cuz it was from a friend...but they want to play hard ball.