From a servicing and reporting perspective - if the lender does not report to credit and they REQUIRE an LLC to fund, then the parent servicing entity most likely will keep your business/investment loans separate from personal credit.

After a year I would move out and rent both units out while living with my parents.

You can also learn how to paint by painting rooms in your parent's house. 

@Eryn GarciaPros are that students generally have consistent income from loans, parents, grants.

I've drawn the new build for an owner-occupant to have a single family home but with the option of having a "tenant"/roommate or family member (perhaps in-laws, or elderly parent/grandparent, or a brother/sister, who wants private, separate living space, etc.) living in their own space with their own separate utilities.

You can drive there, a bigger place can hold the whole family including grand parents and sibling families etc and is a good bargain.I think places like Hawaii (fly to) destinations will take a greater hit.

People who renovate their kitchens often donate whole big kitchens of cabinets

My sister and parents in Denton, Denton County have seen their property taxes go up 20%, 40% and 50% the past three years.

I'd rather not ask my parents or family members to co-sign eitherSo the question is what would you do and recommend in my situation

But, many times the children do not want their parents' name dragged through the mud of foreclosure lawsuits or foreclosure notices, and are also fearful that it might affect their inheritance in any other assets, such as cash or other real estate.