He has 2 surviving kin, one of which is institutionalized, and I'm fairly certain his (middle aged) daughter will want to sell.What makes this a possibly great opportunity is the fact that he was the first owner of the home, built in the late 50s early 60s, and owns the property free and clear!

I pride myself on being there for my clients 24/7 (respectfully of course, we Realtors do need our family time).My past clients have been happy with my "turn around time" when making offers and keeping the sellers agent on track and keeping the transaction on pace.

I currently own a duplex i am in the middle of a refi and im getting a heloc for  70k and i do have the rest 

I am working towards becoming a license real estate agent in Michigan, I should be license by the middle of December, but the end goal is investing.  

Over the 13 years we have been in business our footprint has grown considerably but it has been at a pace that we can control the service that is needed to back it up.Always feel free to run a management need by me and I can tell you right away if we cover that area or not as our ability is growing.  

If apartments are in higher demand due to an influx of young professionals then my guess is that SFR rents will not keep pace with apartments.

the biggest issues are that the available tenant base drops dramatically around October and doesn't pick up again till the end of the school year.People are no different than animals in that regard.They want to be settled and hunkered down in a property before the school year and/or bad weather starts.Quality tenants with good financial backgrounds don't want to move their families in the middle of an icy,snowy winter for obvious reasons,and good college students have already started school in August.Many of the few available tenants will have questionable backgrounds like recent job loss,previous eviction,bad credit,difficult income verification and don't make 3 times the rent,criminal records,etc.   

He's been doing this for a lot of years and, from what I've seen, is generous with his knowledge.To clarify @Matt Motil's post, by subleasing you are staying in the middle for the term of the lease.  

You will need to leave during the middle of the day to attend closings, inspections and the occasional showing.  

The PVC pipe that is still in the wall does have mold in it similar to the middle picture below.