However, it doesn’t take much more than a little common sense to figure out real estate is still the best investment for most of the population.

Holding costs are things like mortgage payments, taxes, utilities, insurance, HOA fees, and anything else that pops up while you own a home.

As long as the Daughter is making all payments on the loan and paying back any costs to Father, could that father be removed from Title as as  "JOINT TENANTS" (not holding as Tenants in common which is more used)Will there be any tax consequences if the Father is removed from the Joint Tenant title?

This is a very common outcome.Everybody wants 3 things from their general contractor.CheapFastHigh QualityA good contractor gives you one of the three.

If square footage is important Measure "  IE onus on the buyer to measure .. and many times we get that bonus were it was advertised as 1800 sq feet and its really 2100.... this is quite common in the foreclosure business.

In addition, you should explore other investment options that are good and common for self-directed investing such as private lending, investing into syndication, note funds and private placements. 

Some of the most common are real estate syndication and partnering up.

Hi Tom-Do you have a set of prequalifying questions you utilize when prequalifying a seller looking to sell their performing note backed by real estate(single family)? 

But I am in an area where 2% is common.

You can ask them for a loan with a fixed interest or, you can use TIC (tenancy in common) for your partnership and fully disclose your intent to buy them out eventually.