Would the investor have to use an assignment contract between him and new end buyer to collect the mark-up fee aka assignment fee at closing?

It looks like water is not being paid and I can only see a small fee every month (that is over due) meaning the meter is likely disconnected.

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

You have no way of knowing.Henry brings up an excellent point about going into a nursing home where she'll be paying some/all of those fees with Medicare. 

Would you be able to share what the general property management fees are on a AirBNB?

If you're located in WI, check out Premier Point Realty and Homestead Realty....both offer the licensing course at a discount and some of the lowest fees/commission splits in our local market.

Then you get 100% minus cleaning fees and maintenance. 

In this case, you can use Rental Income from the units that you will not be living in and that income can count to help you qualify.FHA rates are going to be lower than conventional for you almost always, but FHA does have a 1.75% funding fee. 

By and large, QI's have very high ethical standards, and are sometimes overlooked as the engines of this tax saving tactic.]REPUTATION MARKERS 📊INDUSTRY STANDINGMembership in professional organizationsLeadership roles in FEAEducational contributions to the industryRelationships with major title companiesCLIENT RELATIONSHIPS 👥Testimonials from CPAs and attorneysReferences from title companiesLong-term client relationshipsTransparent fee structuresRELATIONSHIP RED FLAGS 🚩Overly familiar with your realtor/brokerKickback arrangements (illegal!)

Tax structuring and LLC advice you can get for a paid fee too.