You may not own property this way but it may solve your issue of having your relative and yourself into a 2 bedroom while coming out of pocket for not too much more than you currently do on a monthly basis.

Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog 4.

I'm very lucky to be provided leads on a daily basis, so every single day I'm grinding, cranking those calls, and obtaining clients to either pre-qualify or refinance; I don't need to rely on anyone to send me clients, and for that I'm thankful; but I know full well that this is not a solo industry if you want to hit the big numbers, and I plan to!

@Lee Scarlett There is no basis for a legal fight....the mom already signed the deed (the fat lady has sung), the son just has delusions/dreams of doing something with it which will never happen.  

At some point, I may want to rent it out on a long term basis.

Sadly many people still fall into that line of thinking every day.

When analyzing this deal, I used neighborhood comps and price per square foot as the primary basis for my valuation.

Sounds like an exciting time for you, keep doing your due diligence and research/learn everyday! 

I would be surprised if that was happening on a consistent basis.

If you compare real estate with the stock market on an unleveraged basis, the stock market winds hand down instead of return.