That would be a question for a QI/expert like @Dave Foster. 

second some things like condemnation, & code violations are not recorded, and thirdly they are not liable. 

I was going to wait to build my portfolio bigger before starting an numbered company, but I'd like to hear what the BP community has to offer in words of advice.Here are the current numbers I'm working with.

College does sound like a useful and fun experience that I would like to partake in. 

But just like a lot of things, what is increasing here, could be decreasing in a few cities over.

Of course long term investments are where wealth is built, but need to find ways to quickly obtain them, which involves strategies like fix/flipping.

We really like it and would like to stay but i don't know if you still intend to keep it now that you're gone.Then go from there.

I like 3x gross rent scenario, no past evictions, and a credit score of 600+ 

@Roger KimBe careful about gifting twice as well - if you own 50% of the home and give him the full 100% of the proceeds, perhaps it could be considered as a gift from you to him of your 50% of the equity (likely recorded by formal deed prior to the sale). 

If you are zoned for a triplex then you can see what they will require, which will most likely include sprinklers in the whole building.