If you have and the best route is to help him move the property, one thing you can do is a subject-to purchase if his mortgage isn't FHA or VA.

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you expressed an interest in buy and hold, I added two guides below on this subject, as you wait to be locally connected.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

As many as 8 of those 20 will be great listing opportunities.Also learn to do several types of strategies such as lease options and Subject To purchases.  

IE-FHA 203B with Repair Escrow financing availability is subject to buyer's appraisal.

The title said it all but if it is, then i can do Wrap Around Mortgage because it just finding a buyer right?

Currently reading every book, article, and manual on the subject.

If you are not subject to Sec 263A, then holding costs such as interest, property tax, etc. can be deductible when paid.

Hi everyone,As the subject says I am 100% new to real estate and I am a college student attending and living near USC in Los Angeles. 

Pardon my ignorance on this whole subject.  

Solo K give you ability to contribute significantly higher amount (up to $59K/yr per participant), eliminates the custodian and give you checkbook control, gives you the ability to access up to $50K in your account tax-free and penalties-free via participant loan feature should you have a need, not subject to UDFI tax on leveraged real estate, ability to contribute pre-tax or post-tax into Roth sub-account, and more.The decision to incorporate should be discussed with a qualified tax professional.