If this is your first, it is far easier to manage than having other kids to parent and take care of with a newborn on top of that.

If you or your parent or parents go to a retirement home

But the parents divorced and the dad put his share of the property into a trust that was to go to the 2 sons.

Most of the tenants were employed single parents with children, where they employment was at lower levels. 

Hey Nicole,Good question — a lot of parents buying for their college kids run into the same fork in the road.

I have a situation where the parents divorced.

Lowering your ARV expectations upfront helps you stay realistic and avoids sitting on a property too long with holding costs eating away at your profit.

Their parents need to approve the purchase.

My parents have them and their home is cluttered with paper, clothes, and knickknacks. 

Additionally, the parent company to Dollywood just bankrupted 2 of their locations (not Dollywood) this week, and have over $1B in debt that they're working through, and do not seem poised to improve or invest in the area in the short to medium term.