Sounds like he will be the "GP" and you as parents will be the "LP".

I think most of us do, but the problem that I've discovered with 15% down programs over the past couple of years is the balance between the cost of the home and the rent it can garner.

@Nicholas L.Yes, one of the portfolios is willing to carry a note on a large portion of the transaction. 

We've worked through most of the financial aspects, built in buffers, and taken a cautious approach.One key priority is setting up checks and balances to reduce the risk of fraud, especially when it comes to handling funds.

This strategy would remove the hassle of managing multiple properties and allow you to defer all of the tax and appreciation.

Those on the lower end of the income scale are more affected by inflation, and companies like dollar stores that cater to them have had a harder time growing sales. 

For the next billing cycle they increased my charges by $500 and did not notify me of the upcoming charge.

Since 75% of the proposed income more than offsets the PITI of the loan, it's a wash.  

In terms of maintenance, they are generally safer because you are not responsible for the exterior and common areas and potential leaks, etc.

In my experience that's not actually the case at least in legitimate evictions for non-payment of rent or breach of another part of the lease.