I am currently operating this investment from the inside while living in the master, and renting out the other rooms. 

Co-living is going to grow and grow as time goes on (but maybe less so in my neck of the woods, to be honest).

Buy a house using your parents' money, then manage it for them while living there.

A few thoughts on the subject from someone who made a living doing this until the laws changed on the West Coast.Most folks in foreclosure go into deep denial.

I live in Phoenix and my business partner and I put on a couple local forums for investors like yourself to network.

.: In a prior post from about 2 months ago, Kerry Malarkey and Nathan Gesner mentioned a small landlord is exempt from FHA requirements requiring the acceptance of emotional support & assistance animals if one of the following is true:"Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at once" (Quote from Nathan's reply))https://www.biggerpockets.com/forums/52/topics/1219359-pitbu...Given this, if a landlord does qualify for the exemption, what exactly does this mean? 

Very commonly the resident pays a portion of the rent so your rent increase will affect their budget and their lives. 

As a full-time student living on campus, I’m looking for part-time opportunities that could help me gain some experience in the real estate industry while also make a little bit of money. 

I live in Jackson, MS, and have met Walter.

Your best route might be to buy a 2 to 4 unit property that you can live in and rent out the additional apartments.