I am a recent college graduate who worked in finance immediately after college, but knew that real estate was the path I wanted to eventually go down.

If you're dead set on that path then I would recommend getting a google meet with the person and give them as many advantages they have to using you as opposed to a property manager ex: guaranteed rent, more exposure, and less fees (use chat GPT to get a good list).I would emphasize the fact that it is much easier to get rent, and there is less risk to them in the sense of cash flow.

That being said an additional $500,000 would not stray me from this path. 

@Tyler Garza You are correct.

I am sure you will find lots of help down that path here though. 

If we move forward with transferring the deed, we would like a way to guarantee to my father and my sister: a) some return from investments made with money taken out of the house, and b) equal shares in the house if we sell in the future, or a buyout path for either of them.3.

@Heath D Wallace Cats can damage your property if not maintained correctly, if your apartment has carpet then cat urine is can get soaked in it if the cat pees on your floor.

REI is filled with lots of shiny objects and you will success stories from all these different investing methods and it can be hard to stick to a path.

So I'm a fan of buying in the path of progress from here since it's starting to expand outwards into cheaper neighborhoods.

Good luck in whichever path you choose to follow!