I am currently 20 years old and work full time in construction but know for a fact that I definitely don’t want to do that for the rest of my life.

Those buyers, unless they have a life event such as death, divorce, illness, won't typically be forced to sell and therefore won't be selling for pennies on the dollar.

When 2021 hit, we really started digging into the science of investing (books, BPPC, BP webinars, etc…) and realized that we will do whatever it takes to live the financially free life style.

It sounds like you're trying to preserve this 'existing' lease instead of allowing the daughter's life change to terminate the lease and start fresh with a new tenant.

After refinancing, initial investment amount paid back with a 25% equity holding for the life of the property (meaning they receive 25% of the cash flow after all expenses/reserves for vacancy, maintenance, capex, etc. and/or 25% of profits when property is sold)2) When executing the BRRRR strategy, ideally 100%+ of cash invested is returned after a refinance, but I've seen a lot of investors still may end up leaving some money in the property (~$5,000).

I was wondering whether I can qualify for financing for a new property purchase because I really want to move forward with real estate in my life.

It is still the #1 best, cheapest, most effective strategy to simply negotiate and work with the tenants on a human level.

I explain they are free to live in the apartment or live elsewhere for the duration of the lease, but it is their responsibility to pay the rent and maintain heat in the apartment as per the terms of the lease.I also explain that circumstances change and I am human.

I just graduated from high school and life is getting more serious and I do not know where to start.

All I see is expensive repairs to mechanicals, structure, roof, etc...coming that will suck the life out of the CF.