So here is my question with a young child and a dead end job ive found myself in debt with little funds to start up my real estate investing.

Short term (1-2 years): generate $2,000 cash flow after expenses per month (child care costs)2.

So I am in a unique situation currently because I don't own a home and live with my parents (common cultural thing for South East Asians) and now they are moving to Virginia but aren't selling this home.

Basically, I want to get to the point where I can start earning at a level where I can move out of my parents house, pay down my loans (hopefully before my own [future] kids are racking up their own), and perhaps even retire... ...all before I die.

My parents still live in the town, and for awhile, they were checking on our then 1 property.  

For this to be successful you need to make a profit from your parents.

My parents had a god awful marriage and it really made the idea really unappealing to me.And I don't want kids until I am financially independent because as harsh as it may seem, children are just walking liabilities.

The property assessment in 2015 was around $89k, but the property needs some cleanup done, if I had stayed in Alaska longer I would have done this cleanup myself, and went for about $70k for a quick sale, but we moved due to my parents health concerns before I could do that.

The parents have moved out so should have their son. 

My parents own their house free and clear and actually received one of these letters in the mail.