Because of how complicated this can get, you kind of need a lawyer/firm to set it up. 

It's really helpful to see several perspectives here.Yes, across 3 properties, we've been doing our own accounting/taxes, but each property we add and certainly as more investors come on, the more complex and complicated it's become.

I've adjusted my payments so that all unnecessary expenses are erased, but I feel paying the student debt off first will majorly set back my start date.

Don’t over complicate it, sell it, take 1.5M, and build your dream home.

The more complicated question is the tax consequences, if any. 

Worst case you go back to school in a year but you may have a more clear understanding of what you hope to accomplish in school after that year or you may decide it’s unnecessary.

It seems like you can make a purchase without this so why enter into what could be a complicated entanglement so early in your career?

The more you transfer, the more you complicate Title in my layman's opinion. 

Quickbooks too complicated and unnecessary for a beginner. 

Your bank is a partner and the more you can tell them up front the easier it will be to work through a more complicated transaction.