Also, there is now a child involved.

I would want it eventually in only my name but my parents would help with any situation I need (cosign, coborrow, down payment, or even buy it maybe), however, I just need to get out ASAP. 

I'm sure your parents are proud of you!

Phil,  @Philip ChoiI disagree with your parents.

You can setup a series LLC where each property is in it's own LLC under a parent LLC.For 2 properties, I don't think it is necessary.

@Don Konipol  Of course one of the pre requisites  for many of these guys is to claim they were broke and living in their parents garage and now look at me with this system I created  ::)  I saw it in the foreclosure rescue direct mails a lot too.. went something like this..

All of my 3/1 units have a couple either by themselves or a few have one child.

For those of you who have been divorced, you should know that a judge can obligate you to pay child support, alimony, college tuition, private school tuition, mortgages etc...IS IT ILLEGAL for a landlord to ask for the finalized divorce agreement to see what potential FINANCIAL OBLIGATIONS a tenant is/could be responsible for that would affect his/her ability to pay the rent at a new residence?

Hey @Evelyn J Good,My parents actually just did this in their home in Orlando.

Three years ago my wife's father bought her a townhome for 250k cash. They are both listed on title of the property and my wife has been using it and paying primary residence taxes on it. I got a new job out of state ...