Stop wasting money on clothes, crafts (women) ,hobbies (Men), CARS and new furniture.

More then likely these units will have tenants with children and not having a yard might turn them off from renting at this place.

Hi @RyanHilbun I have a Rep at Wayfair who is tremendously helpful for furniture purchases, I also get designer prices at Lazy-boy, Safavieh and other lighting, paint stores and Home Depot.

Additional if you do not have children yet and your wife decides to start a family you will be putting investing on hold for the foreseeable future. 

I have three children currently attending or will be attending BYU and I like the idea of investing directly into this niche.I am looking for any advice, particularly the cons and/or gotchas with the nuances in BYU approved housing.With one child being married, i am very interested in using an FHA loan on a multi-family unit that is targeting the married segment with my son being "owner occupied".

Staging with furniture for sale?

Regarding your tenants they should know that none of their personal contents, furniture, clothes electronics etc are covered under your homeowners policies and therefore if they want them covered they should purchase a "Renters Policy" and please note that the renters policy should come with some liability coverage should your tenants have guests over that get injured which is helpful to you especially in a serious accident where damages could be significant.

So what's better, renting to families with destructive children or renting to younger singles.

To make a long story short, we had a tenant who let a friend and her 4 children stay with him temporarily in our single family rental property.

Versus after she passes away, there may be inheritance tax but you sell for fair market value or ~$250k with no cap gains.Example answer:http://www.elderlawanswers.com/giving-your-home-to-your-children-can-have-tax-consequences-9667Can your grandma put it in an entity she owns until death but you control?