You can always quit in the future but do not make choices based on that plan.You can not get ahead without working for a income.By the same token you can not live at home and while you are there you need to be paying your parents rent.

So I believe this situation has forced me to think outside of the box and only help me in the future!!

I'm planning to s-corp myself any my partner has all his retirement in the stock market.

I put 5% down using FHA and I am now thinking about refinancing into conventional to get rid of PMI and re-use FHA again in the near future (1-3 years).My question is, if I pay for an appraiser to come out and give me a market value on my property, can I use that number and report with a bank or will the bank want a separate appraisal done?

I figured I'd go ahead and get licensed just for the experience and future ease and access to MLS.My goals:- I have a friend here on the island, that's into flipping homes.

Much luck you into the future.

I’m sure your background and experience will definitely be an asset in your future real estate endeavors.

We did hire a professional inspector since it's in a small community and in case it came up during any future financing options.  

That will help you with qualifying you for future deals. 

I'd put a long term, younger tenant in that has the possibility of buying the house from me sometime in the future when I choose to sell.