depending where he is, buy a triplex cash near a college, live in one unit.
property manage it out when he moves to a different town, do small equity take out and buy another triplex there, live in one unit...keep going from town to town....keeping equity above 50% all along.
oh yeah, the best part, only rent to nursing students ; - )
ramp up standard of living assuming the well will run dry, tomorrow.
sure you are living maybe in borderline accomodations, but the chicks see a sports fun type guy who is ALSO a slum landlord, and they are then thinkin they can have their cake, and eat it too