Once everyone is clear on the big picture of what the estate plan is and what your parents want, other issues dealing with specific properties and specific issues such as 1031s, shifting to other investments, financing issues, etc. will become clearer.

check out the ballpoint marketing website!

Then look them up on your state website to make sure their a real business.

Sorry if this is a dumb question, but if I were to puchase a couple of Ebooks through the website, how do I access them? 

Is it a tool or website to find such distressed properties?

Are there any specific regions or neighborhoods where you're experiencing favorable rent rates relative to property acquisition costs?

I suspect you will have other answers that are a variant of specific information and tips.One that is a little different that I'll toss out there: find someone that has done this before, that also has $250k+, that wants to be a mentor, and see if they will go in together with you.

You also mentioned write offs, I am not sure how this factors in specifically and wonder if you could speak to that, as well as how much I will pay in taxes for rent collection.

This is area specific by law and unit type.

In my senior seminar class, one of our assignments is to identify a mentor to meet with in person or virtually 4 times this semester in an industry we are interested in pursuing upon graduation.I would love to connect with a bigger pockets member that has experience in personal real estate investing for themselves or who has work experience in a specific field that has allowed other people to achieve financial independence through real estate investing.