I will be renting the home i have a studio which my parents rent at 500 and the main home will rent for 1400 a month so a total of 2,100 a month in income.

And STRs are not the golden child never to be touched by cities.

I really wanted to see how others would deal with this situation, in addition to waiting, as theoretically the child of the estate could sit on this forever.

I like rental properties as long term investments, my parents owned several properties and I realized how great this type of investing was through what they have provided for my family.

I would think the only obligation might be, again might be, talking to child welfare.  

My parents own our residential property on the same street and it just appraised for $310k.

And please speak as you would to a small child as sometimes I'm a little slow with tech stuff 😁.Also if possible I would like to be able to do this from a Chromebook, while I do have a pc it's easier for me to use my Chromebook.

Many of us have not been financially educated by our parents, so now you have to teach yourself as an adult which is a lot harder - I speak from personal experience.It may not take you that long, but this is going to be your foundation and it is important.

You could probably do something in coordination with your parents.

Also parents visiting thier children who don't want/can't stay in thier children's often cramped college housing. hope this helps!