I have now started furthering my experience by waking up at 4am and doing the "life SAVERS"(bp podcast 157)  before work and found a huge boost in motivation and enthusiasm.My Experience:I bought my first house last summer, 3/2 townhouse brand new.

Sherwin, I think your question is veering a little in the legal area but as a layperson (not an attorney) who also doesn't know the specifics of you and your dad's situation, if I understand you correctly your dad wants to help you and is willing to be responsible for the mortgage while you would own the property.Aside from getting your father a very well deserved Father's Day present, you should know that if you try to buy the property in the name of an LLC or trust then you will be forced to get a commercial loan which in my limited experience usually does not mean a fixed interest rate for the life of the loan (i.e., it will adjust periodically).If you're looking for a fixed rate residential loan, you'll probably have to close in your name and the mortgage will also have to be in your name BUT I believe your father may still be able to assist by co-signing the loan application and mortgage.

I am  very new to this industry and interested in educating myself on as much of this topic and different ways Ican began to invest into properties before making any life changing moves.

Got hooked on the Bigger Pockets Podcast during a roadtrip when I was moving from Boston to Phoenix and it was truly life transforming. 

You are still working a flull time day job..Is your family life situated enough to acommodate the demand required of your time off?

My name is Kara Brown and I am hoping this will be a great forum to learn as much as possible about buying and selling investment properties and "flipping" my life toward the better!  

If you inherited it, it is based on your life expectancy.

I am completely new to it investing in real estate, but have been apart of the rehabbing most of my life.

I won't provide an analogy as one isn't necessary, but I would never believe that there is a positive business angle here that is compelling enough to add the risk and the grief to your day and your life.  

I'm well aware that in real life you can't just edit out the headaches and stresses and risk.