I STILL live at home and my parents are urging me to get out of the house but I don’t want to make a big financial mistake and purchase something out of emotion.

From my understanding, your child could buy property/ hold mortgage for you to live in.

Many in single LLC though do it in a way to make their lives simple, For Example 123 Main St LLC  etc.

This would be to get an idea of the layout of the bedrooms/bathrooms and other living spaces.5.  

If you're using regression to predict how much a market would appreciate by I think that would be a much easier regression task then predicting how inflation would increase the price of a gut rehab (increased parts and labor prices due to increased cost of manufacturing and increased cost of living respectively). 

I live in South Florida and it's basically cooked down here so I have been scouring my state and found fairly promising properties under or around 250k but it's 5 hours away from where I live?!

Live and learn.  

Unless you live there and are up for it, you’re going to need to find a great property manager. 

For example, I bought my house 10 years ago at auction and have rented it out and lived conservatively there is only 100,000 left on the note.

I STILL live at home and my parents are urging me to get out of the house but I don’t want to make a big financial mistake and purchase something out of emotion.