I am a college student with a passion for real estate investing, but a lack of funds and credit.

In a jurisdiction where you can set policies to preclude having your unit approved by the welfare office it is a no brainer to simply avoid renting to S8. 

I’ve worked with many other hard money lenders who are now classified as “do not work with” because their process, or lack there of/pricing/in ability to close quickly and DCP has by far been the best experience.Apologies in advance for the novel, but hope it helped. 

You lack local knowledge, do not know who the reliable contractors are, the local rules for being a landlord, etc.

Simply, there's not a ton of deals here that I'd be able to get a loan for (mostly based on my income rather than down payment) and the ones that I can afford/qualify for are generally in neighborhoods I wouldn't feel comfortable living in. 

The person doing it for me will not be making any money off this transaction and will simply be doing this as a personal favor to me, and I just wanted to clarify the tax ramifications, if any, for both of us. 

So again, sell as yourself, sell as himself, buy as a disregarded LLC - this technically does not change the taxpayer and would be permissable for 1031 purposes.I always counsel you to make the deeds match as closely as possible simply because it avoids questions and fluke situations with inexperienced field agents in an audit. 

I am very motivated and excited about the prospect of building wealth through REI; however, my lack of experience (being none) has definitely led to moments of hesitation as I would like to avoid any major mistakes on my first transaction.JT (Jonathan Tambellini)

So there's simply no comparison. 

For example, in Warren Buffet's most recent shareholder call, he explained that decades ago when he started investing($115), if he would've invested simply into an S&P500 index, it'd be worth $600,000 today.