Nice area of the city but the buyer will likely be inheriting rent controlled tenants.

We have a huge house we purchased at a nice discount.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Also many lenders will want to see you have some nice reserves like 15-25% of the purchase price on your first deal. 

An institutional investor with a history of working with syndications in these kinds of deals is going to have a much better handle on fair and realistic fees the syndicator should be collecting for those services versus a bunch of lps that may be working on the first syndication deal and frankly glosses right over those issues when they see 15% annual returns and a nice fat cash bonus on the planned exit.

Hello Alex,Nice to meet you, we are in a tuff market.

For example, the "self-reported" credit score of 750+ means that they think or have decided that their credit score is, should be or would be nice if it were in that range - but that does not mean it actually is.

My sister and I are not opposed to some sort of buy in as well, as it would likely help my father clear up some debts, and would just be nice to help him realize some sort of lump sum gain, in addition to what would likely be a share of monthly rental income.We are looking at setting up a trust to accomplish all of this, but are just at the beginning of this journey. 

Stick with it and take action with their input and you'll end up having a really nice portfolio in 10 years. 

It's a very nice group with a lot of knowledge.