I try and treat all my investments like my business all the time every day because I'm sure most of us who have been in this for any length of time recognize tenants can be very crafty.Hate to say it but when it is applied keeps you focused " always assume a tenant is lying!"

I would assume yes since it's going to sit there in the reserves, and I will be treating it as if it cannot come back to me personally.  

With that said, I would treat it like any other sub and get a couple of bids and account for the cost in the budget to determine if the deal worked before buying it. 

If you want to be a professional then treat yourself like one and accept the payment for you work.

Also, tenants treat MFRs more like an apartment than a home so you will often have a reoccurring vacancy.In SFRs, tenants have to pay for all of these items and they feel more at home and are likely to stay longer.Try looking at: Single Family vs.

It is vitally important that you treat your investors money well, communicate properly, document well as well as use an attorney to set up the offering properly.

Since you have no proven track record and 95% of new investors fail that would be the only arrangement I would agree to as a cash investor.Your dad is a businessman treat him accordingly with the respect he deserves.  

Then they say that a disregarded entity is treated as a sole proprietorship.

or combine all parts of each property and treat it as one giant deal? 

I know a bank typically asks you if the property has been rented for more than two years to treat it as an investment.