Other general observations about student rentals (not specific to Tally):Nice thing is you can get parents to sign off as co-signors.    

My goals are lofty to say the least but I believe that it is possible to achieve them even thought my parents and everyone else says they are just not going to happen. 

My parents have been pushing me to buy a home for years and I just haven't been ready.

Most of the middle class falls into the trap of two working parents, long time and energy sucking commutes, always stressed for time, buying stuff to keep up, eating out frequently, etc. if you are truly middle class the only thing preventing you from wealth is you (exceptions for major illness or other uncontrollable life events).

My parents and my sister currently own in El Cajon and Rancho San Diego.

./ My parents live in this area so I'm somewhat familiar. 

You also want $20,000 cash, maybe to spend on your child's first semester at Princeton.

I am an Accounting major with 3 semesters left at UVU, I have many cousins, Aunts/Uncles, grand parents, and parents who all do real estate (mostly buy and hold in Provo/Orem). 

We will be living with her parents and be living pretty cheap.

My father asked me to be on the deed for a rental house he is buying. He will handle the mortgage, he just wants me on the deed. His reasoning is that this will more easily allow me to manage the property if he passes...