DaveI do not have any instruction to offer.

Population is growing aggressively and jobs are moving here especially with major employers like Intel, Google, Amazon, Nationwide, etc.

Buyers expect Sellers to cower in the corner at their amazing low offers as if they are doing the seller a favor.  

- this could also be another career shift for me considering I am trying to find a more profitable source of income for my 9-5 job.

Should we offer preference and less equity?

You have the right idea to house hack when the time comes, but it doesn't have to be now if you don't also have a job while finishing college.

They have offered to sell this place and gift us a portion for downpayment.

You can start real estate investing, reading resources, familiarizing yourself with the Albany, GA market, setting short-term and long-term goals, preparing financially, building a team, conducting property searches, conducting due diligence, making an offer, managing property, and joining local groups.

Unless you fall under the new JOBS act exemption for advertising, you will be limited to people that you know and have a relationship with.

You can also possibly rent it as is separately for another $150-$200/month especially if your comps do not offer garages.