@Eli SunderlandHaving a goal is a necessary first step, thank you for asking. 

If you are getting out of the crazy rent market you have one step in the right direction.

Many utilities won't even let you sign up without a copy of your signed lease in hand.Other than that, the rest of your steps seem reasonable.

If student never takes title and parents pass away, student will received a stepped up basis in the property at the time of death meaning that the student can then liquidate without paying a cent in tax. 

I would pursue as two separate financed deals negotiated in the same purchase agreement (assuming state law permits this).

Hello BP!!! I am currently conflicted on a current situation. I am in the process of rehabbing a rental property and although this situation is currently moving along smoothly, I am at a dilemma if I should focus all ...

Step 1: Get a job earning X amount of moneyStep 2: Get a second PT job earning Y amount of moneyStep 3: Get a third PT job earning Z amount of moneyStep 4: Wake up earlier daily, grind as many hours as you can, go to bed, repeat...Step 5: Figure out how to live off W (less then you earn)Step 6: Open a savings account and put your savings into it (X+Y+Z)-W= S (Savings)Step 7: Listen to positive people daily who are motivating.

Also remember that you inherited it at a STEPPED UP BASIS.

Good morning bigger pockets community, the names dan and I’m a fairly new real estate investor in the Hampton Roads area , after due diligence and much research I’ve landed here at bigger pockets to further pursue my real Estate education and to further my career as an investor.

I make sure I am always 2 steps ahead of google.