Quote from @Neha Mulkar: Hi BP Community,I wanted to share an update on our real estate journey and hopefully get some feedback or ideas.Here’s the situation:I currently have $30,000 available for a down payment and closing costs.My daughter is a junior at Georgia Tech, and we pay $6,000 per semester toward her expenses (around $12,000/year).We’ve been thinking hard about how to combine supporting her education with starting our real estate investment journey.Plan:We’re now looking to purchase a 4-bedroom apartment or townhouse in Westside Atlanta (30318 area).

The demand around most big universities is usually steady since students are always cycling in and out, but vacancy risk comes if your place isn’t lined up before the semester starts.

They’re not wrecking the house every semester, but you’ll see more frequent carpet/flooring replacement, painting, and small repairs.

That class was basically a semester-long discussion of S corporations, LLCs and trusts.But back to the two random comments:1.

Seems like your market does semester-based leases, the ones we've done were for the school "year".

Unfortunately it costs $6,000 a semester just for tuition every semester.  

Best case scenario I can do by the room next semester, worst case it doesn't cash flow as much but still a nice amount per month.

Turnover is high, expect new tenants every semester or year, and wear and tear is real, so your $15K rehab won’t last forever.

Unless you commit to run a 501c3, then go for it, I prefer to do Philanthropy after i hit my billions, but that's me.So no matter what program you choose, do if if you think you're paying this $200/month as for a college class that's 4 semester long, or so.

Taking a semester which only covered one formula.