You’ve been provided with great information on the technical aspects of making payments, so I won’t Comment on that.However, here’s my best advice.  

I’ve done research and saw there is a thing called “Adverse Possession” where if you have been using something on another piece of land for a while it’s technically yours if there have been no purists for 7+ years.

In the meantime, I am technically homeless staying with my parents sometimes with a 2+ hour commute to work while I try to get into this investment (because I didn't plan before blowing up my life - not making that mistake again.)Here's the problem:I'm currently a sales rep stepped down from a team lead at a remodeling (exterior home improvement such as roofing siding and windoes) company.

This is all avoided with what we used to refer to as a limited partnership ( the term is not technically incorrect since we mostly use the LLC entity rather than the limited partnership entity).   

I have an opportunity to buy a (technically) rural 15acre property with a very old home under market value. 

Is the rental property technically listed as your primary residence?

They wouldn't use short term rental numbers and technically do not fund in the hospitality sector, so we had to qualify as a long term rental property.

This way I can Continue to save my income towards more property. my loans are also in deferment so I dont Technically have to pay them until December 2022 

You will not only get plenty of technical information but not less importantly, you will get the right mindset.Good luck!

Now lets imagine that you dont have to pay capital tax gains...Commission for $734K= $44,040Closing costs:1.5% of $734K= $11,010Your equity $734k-$660K=$74KSo technically you would only get ($74K-$44,040-$11,010)=$18,950 I believe you would do better off by just holding the property renting it out for cash flow and get a HELOC to access the equity in the property.