You can grow the portfolio tax free and distributions after 65 or all tax free.

If so, do you charge an additional deposit, cleaning fee, rent increase or all of the above?

I'd recoup some (or all) of my capital, and give up an agreed upon amount of the return.This brings a couple key questions:Have any of you done this before? 

I’ve been reading Bigger Pockets books saying that multi family properties are best to start off with but these “packages” are duplexes coupled with a single family home or all duplex building and Quad building leaving me with well over 4 units for a residential loan for financing.

If you do some or all of these you will do great!

What are the KEY things to check for, do you look at the roofing, plumbing, damages to cosmetics, do you price it out in your head as you walk thruLIST some or ALL the things i need to watch out for and help me use these things to knock down the asking price....

Or all you?

@Radu BotnariYa mean 'ya'll' or 'all ya'll'? 

Stop focusing on getting your first deal, or all you're going to get is your first property. 

To actually protect yourself, you would need an executed agreement from one or all of the heirs.