I've watched my parents reach great levels of success through real estate, and I've heard countless stories and witnessed first hand in other peoples lives the power of real estate.

The second consideration is that students or rather their parents are willing to pay for the newer nicer properties with more amenities.

This takes no work at all.Are you really asking your property manager to forego putting aside an extra $50 into her/his child's college fund every month in order to be scrupulously fair to you?

I currently live with my parents so my DTI is less than 43% for sure.credit is goodcurrently have 13k in a roth ira, i have been reading i can use up to 10k tax free one time, should i leverage this?

We obtained personal guarantee of Pastor for this location as well as manager of LLC who is Secretary of parent organization3.

This is causing difficulty for me to understand if this is a good investment property or not when I do an analysis on this property.We are getting a huge downpayment from our parents for a house. 

@Jay Hinrichs my parents as were many in that age group were self employed their entire lives and retired early but it was no cake walk.

By the time we are our parents' age, our properties could be paid off/cash flow well, and we are sitting in an amazing position. 

You took over for your parents who are the owners.

What I take from the stories here is that OP's friend's parents transferred a house to a lady in exchange for taking over the payments.The lady stopped making payments and filed for bankruptcy with $7k left on the loan.