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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]One friend bought a condo for their eldest thinking he’ll there for med school as well and other siblings will go there as well. He went to a med school in another town and one sibling didn’t get accepted while other went to an Ivy. They rented it out for a year then sold it at without much appreciation. Their realtor’s commission ate up their appreciation.[/quote]

If the town was anything like the college town where my kids live, they at least avoided dealing [b]with scummy slum-lord type landlords[/b].  Also, if they at least "broke even" on the sale between appreciation and the realtor's fees--that's better than completely throwing away rent money each month.  [/quote]

Part of me feels like it's a great lesson for college students to deal with this kind of thing, along with being responsible for sending monthly rent and utilities etc. as college students even if the parents are fully funding it.  I envision having my kid be responsible for sending out these monthly payments from a budget we provide.  [/quote]

An even stronger experience for your kid is for them to learn how to manage a property, select tenants, manage utilities, collect rent, upkeep property, etc.[/quote]

Or they can learn how to be a slum lord![/quote]

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