My second question is, how can a kid fresh out of college who comes from a family with nearly no money be able to afford some of the down payments and beginning costs of most properties?

I don't like to get over leveraged (working in creditor-debtor law and seeing people ruin their finances for decades will give you that perspective).  

Secondly, how can a kid fresh out of college who comes from a family with nearly no money be able to afford some of the down payments and beginning costs of most properties?

For someone in my position starting fresh, would this opportunity be best realized with respect to cash flow with a creative owner financing type of deal with 10% down or with a conventional 20-30% down being that I plan to you use property management in every deal?

@Brandon Hall @Scott Vance I viewed the transaction from the perspective that the property was worth $50,000 and my parents gifted me $42,340 and a loan of $7,660.

The couple is fresh out of college and appears they've never had their own apartment(s) aside from college dorms, if that. 

I can understand your perspective of this purchase.

You then restart fresh for the replacement costs.

Without giving specific advice on your situation, I can say we had a couple of things to consider in this scenario from a management perspective. 1.

Please post your comments and area of expertise so we can better understand your perspective on this topic.