Only 2k per year into it though.I'm less familiar with Coverdells but I'm pretty sure that room and board are qualified expenses (as someone else pointed out: to the extent that they do not exceed the on-campus room/board numbers of the relevant college), so yes, if she were to rent your place at market rent then that would likely qualify.Now, from your response, it's also possible that you are thinking of using the 529 or Coverdell for investment purposes in the same way you could use a self-directed IRA, for example.  

Two questions: depending on who holds those liens I will have to negotiate them individually?

I know it's very large farm area to cover but I am motivated to learn more about each market and the individual dynamics before I invest.

PS thank you all for the responses I look forward to reciprocating in any way possible!

What I have been told is that in order to take advantage of the 3.5% Down we would have to buy our own individual multi family!

Per their guidelines: "Eligible borrowers include individual home buyers, investors, nonprofit organizations, or local government agencies."

Sorry for such elementary questions, for I am far behind the class and sincerely appreciate your response and time.       

If they own several they are obviously investors.Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash and get it under contract.

-Homes valued 50-75k -Cash Out desired: 40-60% Is this doable with an individual property like this?

I am interested to hear responses as well.