I go to Highschool, and kids are moving out of their parents homes all the time while still in school. They have jobs, some are making $800.00 a month. I could see this as being a goldmine for getting tenants. I assume you would want these people to be 18 so that they are bound to the contract. Any1 have experience renting to a 17 year old?
Go up and tell these kids who for some reason are desperate to move out and offer them a Lease Option on one of your crappy houses that is worth maybe $15,000. You would need $300 per month to account for 2% rule, which you should easily be able to get. Beef up the price to around $30,000 after 2 years of renting, and they have the option to buy, all the rent goes to purchase price.
No way a kid that young stays in there that long, and if they do, they would be stupid enough to not know that they are over paying for the house.
Alot of idiots in school, you guys think this could be a good place to get tenants EASILY? ALOT OF DESPERATES TO GET OUT OF PARENTS HOMES!
Have you seen the movie “Animal House”? The last thing you want is bunch of teenagers partying and trashing your investment. The fact that they’re desperate to get out of their parent’s house means they want to do things they really shouldn’t be doing. They won’t pay rent and it will cost you too much to make it worth it in my opinion.
Thats what I was thinking, but I just thought I would ask. Never hurts to ask 
Thanks.
There is no shortage of tenants. They are hanging out everywhere, begging to be given a chance.
What there is a shortage of is tenants who will pay the rent on time, be reasonable to deal with, and not damage the property.
I could fill 50 vacancies a week if I didn’t care about how I was going to collect my rent or what the previous landlord thought about the tenants.
I don’t know the law on 18-year-olds and contracts or if it is the same in all states.
A tenant of any age would have to be solid to occupy a property. Do you know many 17-year-olds that are that mature, yet are dying to move out of their homes? How does one even screen a tenant with no history? I guess someone has to take a chance on a young renter.