I agree though, Tenants should pay for there own power and water.

.: Unfortunately STRs do not qualify for tax incentives. you will pay 33% income tax on earned income.

Other than the inspection report, there aren't a lot of reasons why buyers change their minds after submitting an offer.Since these are legally binding contracts, you could be opening yourself up to be liable for losing your hand money and even paying the full purchase price of the contract you sign.

-I gave them a 3yr option to buy at anytime-purchase price increases 1.5% every 6 months-They put $10k down (non-refundable) that will go towards their purchase-They pay $1850 in rent. 

I assume that I don't actually have to pay the capital gains until the principal repayment exceeds my cost basis, which on an amortized loan would be quite awhile (assuming they don't refinance and pay me off altogether).

The inability of the tenant to pay rent significantly affected my cash flow, and despite the availability of state aid programs, it took several months to bounce back.

How would you use real estate to help pay off student debt?

Since the interest rates are high and rent's wont cover mortgage , i'm ok with paying money every month with hope equity build up and rates going down in future  .

In addition, I live with my parents so even househacking will still cost me over $400 a month, which is what I pay to stay with my parents.

One of the Pros is the Govt pays you the 1st of the month on time.