To that effect, I'm thinking of offering to cover half of the excess usage ($500 for Jan/Feb - $100 Normal Usage = $400 split in 2).

Just depends on what your comfort level and willing to dive in the deep end.If your open to higher price range I would tell you to try and stay in the multifamily since it helps offer more rents per month under one mortgage, tax bill and insurance policy.

My goal is that in 6 months I have legit offers on the table for rentals or other real estate ventures that allow me to move away from education.  

Talking to a lawyer soon, but any advice from the community is appreciated.

My 22 year old relative is putting in an offer on a condo. 

Way, way too much of a rent reduction yet she can spend money on a letter to you from a lawyer!?

If the apartment complex won't return your calls you might need to have a lawyer reach out.

Engaging with fellow investors at networking events and online forums can offer helpful guidance.Good luck!

Not sure if anyone is aware of Baltimore, MD offering vacant properties for a $1, however needing $90,000 minimum for rehabbing. 

I’ve made 2 offers below asking and she’s willing to take asking, with some wiggle room for the occupancy.