I would hate to make a mistake and have my wife and child suffer because of it.

As you probably know, a child under 6 cannot live in an apartment that contains lead paint, and you cannot turn someone away because you don't want to get a place deleaded (of course there are always ways around it)Also note that once you test for lead, I believe (could be wrong) that you will always have to disclose that information to someone.

One of the joint tenants is deceased and the other is the child of the deceased who I am having trouble locating.

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.

Let me first start off by saying my oldest child is 3.5 years old so I know things will change many times before she sets off to college.That said, after reading an article about the uses of a 529 plan, it mentions that it can also be used to pay for off campus housing, up to the cost of on campus housing reported by the schools financial office.  

We are looking forward to this new adventure and really hope to secure a lucrative and stable future for not only our child but his children too!

At that level of indulgence tax planning has been kicked to the curb like the remaining members of Destiny's Child.

Dont get me wrong, the thought of not having to go to college anymore excites me when i think of the things i could potentially do in real estate, but Im still a child.

There would have to be some major reason (e.g. the unit is twice as big, it is in a better school district for your child, etc.).My recommendation would be to stick with conventional investment loans, 25% down, 30 yr fixed.