Ultimately it probably comes down to your personality.

But ultimately I want passive income from rentals and leave my 9-5.So I guess that strategy is called Buy & Hold.

We take their lunch money every year because clients ultimately don't care about the brand - it's the systems, training, communication, and people that can keep clients happy (or not.) 

Ultimately, there is no absolute answer and unique tool/strategy in anything real estate.

SCENARIO 2):A) Parents buy the home and we live in it.QA) Is there a way to make this work that we would ultimately buy the property in our name? 

Ultimately after 2 years we would be able to get a conventional loan and pay them back.

See here: https://www.biggerpockets.com/smarterA good place to start is with the free guides, such as "The Ultimate Beginner's Guide To Real Estate Investing".

They have a more modern view the marketplace than some of the other, more traditional outfits like MDS.When I was active in senior housing, I was the in-house feasibility study point person doing both the forensic analysis of the market and competition ultimately making the recommendation for go/no-go on a project.

And then I'd say ultimately pick one market and really concentrate your activities in that one market.

Start with BiggerPockets Ultimate Beginners Guide (free).