Should I buy a condo for my child to rent from me?

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Should I buy a condo for my child to rent from me?
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There are pros and cons to being an owner of real estate.

Karin Price Mueller | NJMoneyHelp.com for NJ.com

Q. My oldest child is financially independent and the other two are still in college. I’m hopeful they will also be independent. I’m thinking of buying a condo for the oldest that she could rent from me, but I don’t think I could do the same thing for my younger two when they are on their own. I want to treat them fairly. The rent on the condo would help me break even, but I think the value will go up over time so it would be a good investment. What are my options?A.

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