If they did, they wouldn't be here asking questions : )  As a result, this means that CPAs, Lawyers, and Financial professionals should explain things in simple terms that are easy for people to understand (I'm not sure quoting pubs and regs directly screams simplicity, but including it as a reference is helpful for everyone). 

The question you ask sounds simple, only because most people go by “gut feel” rather than any rational thinking.  

If you are able to succeed at this, you could make a lot of money in 10-12 after holding these properties.The formula is simple.

If the tenant has paid every time on time with no issues it’s a simple mistake probably a electronic timing glitch. 

Yeah, it's not that simple.

Keep it simple and just charge them an extra $50-$75/month or whatever.

Maybe give Dad a preferred return to reflect how much capital he has locked up on this deal.IE say property is worth $4m with no debt (keeping it simple), and cash flows $800k annually.

They are pretty simple to use and all you really need is a cordless drill.

First just as a simple welcome and introduce myself, coordinate security deposit payment, asking if they'd like to see the property prior.

Do fee simple homes tend to appreciate at a faster or slower rate than condominiums?