They can ask for special dispensation from it from my mom (who is the executor) so they can put a down payment on a reasonable house, pay down student loans, etc, but that way they can't blow it on a new car every year.My dad's is set up where he is leaving gifts to certain people in his life, $1,000 for his barber, a former property manager, that sort of thing, so friends and acquaintances can have a nice memory of him.

There is a lot of free money for students to study aboard.

Banks are going to expect you to put the first dollars into the deal before they will participate, so without seed capital to put down the banks won't consider giving you access to working capital.

I'm currently in college as a Psych student at the University of North Carolina at Charlotte, studying what I love.

Unless it's a college town and you're leasing to students I'd be suspect if all of the leases were signed a similar times.  

I need to pay off $40,000 government student loans badly!

Great start already with your savings and goals...Your situation really lends itself well to a buy and hold student rental situation.For example, you have to live someplace anyway.

It actually puts the person responsible for receiving the funds in a situation where they need to be sure of the source of the funds.As an example, if I were to borrow from you directly, and you were laundering money, I would be held accountable for participating in your money laundering scheme.The Vatican is in Rome. 

The problem is that the Millenials don't have any JOB's that produce enough Money, to pay off their Student Loans or save up for a Down Payment on any kind of a Mortgage for a New Home.

university student from Switzerland.