(We went into contract at a price lower than their original asking price and their argument was they thought because we were purchasing it so low they I wasn't getting a commission?

Xero has come out with a self employed version (think it is free or low cost)  that makes it super easy to swipe one way for personal and one way for business.  

Now overall, I will be making 6k - 15k, which is very low in terms of overall property cost, but I think it would be a good experiment to get a feel with 0% down. 

Since the bank failed to maintain the property and allowed low income families to occupy this once luxury property.

Most buildings don't quality for a 75 LTV more 65 or 70 sometimes 60 :-/If you can partner with some other owner who has units for cheap to offer alternatives. 

Obviously id like to catch the rates when they are low, rather than risking them going back up by next summer.

My parents want to get a house closer to town. so my thought was, could I potentially just purchase a multifamily house in Lafayette Indiana using a low down payment financing, since I would plan on being there for a while myself, then rent the other side to them (under market value and less than the crazy high mortgage they pay now, but still high enough to fill an emergency fund into the house) I would be using my own low living expenses to build up capital for my next investment property.

Right now these are both showrooms and the rent is low.

There are ways to start investing in real estate with low or no money down. 

@Brian Mathews I have no choice but to take student loans but I am keeping them pretty low at like 6k a year.