However, the debt would still be in your name unless you somehow paid it off prior to the Parking Arrangement. 

I am new to rentals and owning  property in general (I still live with my parents) so any advice on the beginning stages of getting a tenant will be super helpful! 

Has anyone else used an arrangement like this?  

Digital is best for the seasoned sponsors.Again, if you were referring to the advertising as I was thinking about, like SEO or running FB ads or that nature (or even social media posting), it's not going to work at that stage.

Because I don't have the "inspection every 6 months" clause in the current lease, how do I go about arranging one with the tenants, without them suspecting me checking on them?  

I am still early in the learning stage, but I believe I am leaning toward buy and hold in the B- to C+ grade single family and small multi family area.I'd like to network and maybe find some local investors that are willing to share some knowledge.

In the early stages of trying to make this work.

Of course saving on the Agent commission alone would save 6%, but I'm thinking there may be investors that are looking to unload a property, especially if it's giving them issues, stage of life, etc.Does anyone have experience with this approach?

I'm in the very early stages of educating myself as it relates to REI, but I've started thinking about what kind of path I want to follow because I believe it is important to have a goal, or at least a path, in mind.That said, my short-to-mid term goal is to achieve 3k/month in passive income within the next 6 years.

This type of arrangement for a residential property is probably more hassle than it is worth.