The biggest issue I find on a roof are old nails starting to work lose.

@Antonio Arias Another thing to keep in mind, before you do any further research on any condos, ask the seller if there's any rental cap on the building.

I think @Jay Hinrichs hit the nail on the head.  

Corey Demuth you hit the nail on the head.

I am worried that if I try to run sole prop, dont include him in the biz  the IRS is gonna nail me because he has no job besides stay at home dad.  

Id try chase marriot and cap one venture, say your income is 7 times your monthly debt payments OR 104k (its all stated)If you dont pull 30-50k between them with that score - you may not be looking at real fico scores. 

@Damian Mandina, Ryan Billingsley pretty much nailed it on the head.

Also the maximum increases with each unit, $417k is just the cap on a single unit, I believe it jumps to $567k for two units and all the way into the $800k range for a four unit.

I just had to save a deal from an inspector who scared the buyer with a list of things I can fix in 45 minutes  (loose screw, no gas cap on dryer line , etc).  

The interest in the trust can also be exchanged as if real property.The THTrust has been used by Henry Ford, Al Capone, Disney, our current President and by Educated and Knowledgeable Agents and Investors all across the country.The question I get most often is...