I'd like to purchase a 1 - 4 unit right after birth on behalf of the child...when he/she graduates from high school he/she would have this property free and clear...could then leverage it for more investment, keep renting it and enjoy the cash flow, sell it to pay for college...whatever.What is the best way to proceed with this so that I maintain control for approx 18 years but then pass it on...what about taxes for the 18 years...how to transfer the property or is it titled to and infant?

Parent / child / grandparent is usually a no-no IIRC.

Also I'm calling CPS on them, no child should have been living in that joint! 

You can house each investment property into a separate "child" series within the "parent" Series LLC, which compartmentalizes your liability.

A Preapproval letter means you and your lender took additional steps towards approval of the loan by you submitting documents to underwriting for income (pay stubs and/or 2 years tax returns if self-employed, child support, etc.), assets (bank statements, retirement statements, etc.) , and even promissory notes or statements of monthly debts (car loans, etc.)Your loan in the preapproval stage is conditionally approved, except for the property.So you then need to find a home, and the lender will submit additional documents on the property (appraisal, survey, title search, etc.) before final approval to close.

It's not to often that a parent would need a co-signer that was their child.

In my experience, they don't leak any more than a standard tub/shower combo.As a general rule, it's recommended to have at least one tub in a unit so someone can bathe or bathe a child.

You do not want to be paying for his lawyer, child support or worse.

Go ahead and make your lease with your child market rate and then gift them back whatever you want to up to the annual limits ($16K from each spouse to anyone they want). 

We need a place of our own… but rents are through the roof.We are running a startup and have no real personal income but have $150k in savings.We found a crappy house in Child’s Park, St Petersburg (next to Gulfport).