Holding property in a C-corp is generally considered a terrible way to title property.  

@Destiny Prince Assuming the property is in Kenner, I doubt that any property that you can purchase for $80k will rent for $1300 per month, unless the house is in terrible shape. 

@Shea Davidson In my experience, servicers range from mediocre to terrible.

In the end they provided him with terrible quality work and the building was  discovered by the buyer/owners to have many defects and sued the seller in court and won a $1,750,000.00 award from the court.

In hindsight, while I loved the house, it was a terrible investment.

Crime isn't terrible, more than half the residents have college degrees and the street it's located on isn't a ****hole. 

Some, those that are terrible people by nature, can be extremely venomous.

In a perfect world, sure, it's not a total loss or a terrible deal to get the properties in your scenario.

@Chris Mason so you're suggesting that allowing him to borrow 100% of the funds he needs is a terrible idea :) Why is that?

I have searched old forums on here, but the few that were suggested have terrible reviews.