SCENARIO 2):1) Parents buy the home and we live in it.Q1) Is there a way to make this work?

Are you able to move or is SD the only spot you want to live? 

He's a regular guy who worked hard, lived below his means, and invested as much as he could in buying property.

I currently live in my primary residence (2nd SFH).

It costs about $300-400 depending on where you live and it saves a lot of problems. 

Currently, I'm earning a living by driving part-time to pay the bills, but real estate is the profession I'm truly passionate about.

I bought a house and have three roommates living with me.

I'm a property manager in NOVA, and I'd say 90% of my clients start by renting their primary residence that they have lived in for 3 to 5 years.

It's good you can bring some perspective to the starting line as you are a broker.I advise beginners all the time how to start and how to set expectations.You said you came into some money, you didn't say how much, so let's say it is 100k, if it is more great, you do not need more than 100k though to get started.I live in South Jersey, property taxes are high and home values are 400k+. 

Hi Margarita,I currently live in Yuba City.