Some people here take the time out of their busy days to try and help and we should all be thankful for them even if you disagree with what their opinion is.

ThanksBuyanI sort of disagree with Account Closed.

Agree to disagree, I guess...

I disagree about the grinder.

I don't disagree but reality is you may have bought a 3500 square foot, 100+ year old brick duplex in crime ridden part of town for $30,000 that would have a reconstruction cost estimate of $390,000 to $450,000. 

Be organized, polite but persistent, get a meeting with an examiner and leave with permit in hand.

I agree with your sentiment that the property isn't doing well for me at $450k, but when I use a calculator to examine what the price would need to be to make it cashflow, it doesn't seem fair to ask that price of the seller. 

The title company examiners can give you an opinion, but they don't want to be on the hook for that opinion, unless they are going to be making money off a title policy from the sale or purchase of that property.

If the LLC is taxed as an S Corp or C Corp, running payroll for your dad and issuing him a W-2 becomes possible.Best to consult a tax CPA/EA who will examine all facts and circumstances.

The process of completing the required education, PSI examination, and deciding on a sponsoring broker were all easier than I expected.