If you had a million dollars, how would you invest in real estate for ongoing cashflow, diversified portfolio, low-risk, longterm play with minimal hassle?  

David Ramsey may not like that statement, and of course any investment has risk. 

This is a high risk business investment and must take priority in order to be successful.

---So, my first questions here on BP are related to my grandmothers house.My name is NOT currently on my grandmothers title and because she carries a small mortgage on it, I can't 100% own it unless I buy it, correct?

What is your risk tolerance?

I also feel like one unit with a 2400/mo price tag carries a lot of risk.

If he persists than say, you contracted these students to do it (which you should, and never be the person putting them up) and explain they got carried away.

What do you think is fair compensation to hold the contract open for another 4-6 weeks, given what it will cost you and the risk involved?

There's plenty of room there for you to make a spread but you don't want to risk not finding a buyer because you're priced too high.Hope that helps,Chris Pre

Plus I like the tangibility of something physical..I'm interested in learning how to structure deals (optimal legal entities, tax implications, risk mitigation), financing options, and have some familiarity with this on a high level (albeit in a corporate and and global context).