If you get a lot of properties it would be fun to have the first tab pulling data for metrics on portfolio performance, monthly cash flow, expenses, etc.

Without a financial education - it's hard for him to discern which.What he should NOT do is to buy toys or spend it on fun because it'll quickly be gone.If he was financially savvy or versed in real estate - he could even buy a small apartment complex and self manage it if he had some property management skills.Advice should be catered to him specifically though, blanket advice isn't that helpful.

Purchase price: $1,000,000 Ravine ApartmentsWe purchased, Silvertree Apartments in 2022 which was a run down 20% occupied apartment complex that was an eye sore for the city of Silverton (suburb of Cincinnati).

You need to learn to be an expert in some source of stress at finding, filtering for (a data source tool like propstream.com) or buying from a data vender who is good. 

I’m sure they aren’t advisable on larger projects but depending on the project size and complexity, they worked great for me. ~$650 for the study. 

Legal Compliance: Navigating landlord-tenant laws can be complex.

Go to a local realtor next time the appeal process is open and ask them to do a CMA on your place and use that data for your evidence when appealing with the county.

@Jeremy HartwigYou are missing a lot of important data, such as median income of the area, rent comps in the area, what current values are.You are buying on actuals, but in many markets that have low supply and have a lot of demand, it makes it difficult buy based on actuals.

Advanced asset protection via a complex entity structure is for most investors like wearing a bullet proof vest when grocery shopping.

A lender will use market data, conservative comps, and always side on the fence of "what if" - as in, what if they have to default you and take over the property?