Appearance is secondary, if the homes in the area have metal bars you should also have metal bars.In C/D class properties think cheep and easy.  

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You may be into apartment buildings and one day you find what appears to be a great deal, a 300 unit apartment complex on the market for an asking price of $200k but then later you may find that where the apartment building are used to be an oil refinery and now the ground is contaminated.  

It appears to be a lease violation.

Are the markets positive as they appear to be to us? 

43 total units for 1.8 million-  Northeast Ohio, and hour from Pittsburgh and an hour and half from Cleveland6 six-plexes and 1 seven-plex C to C+ properties in a B locationBuildings will need roofs over the next 5 years, but no other major structural issuesIt appears to us that rents are at fair market value for the area, so there would be little room to adjust them upBuilt 1988-199027 units are one bedroom, 16 units are two bedroomWalking distance to several nice restaurants, gym, fast food, bank, multiple other commercial businesses.

If you're parents are going go receive any money from that then they will have to take depreciation then on that property and it will appear on their schedule E as well (upon sale they have to recapture any depreciation they took or could have taken so watch out for that).If you go further the route @Corby Goade suggests with a deeding you'll want your accountant to advise on gift tax consequences or use of the one time limitation. 

However, as Texas is a Community Property State, it's probable Husband already has a 50% interest in  the property, regardless of whether or not his name appears on the deed.  

The properties themselves are producing nothing it is your equity that is buying the income at a very high cost.None of your properties appear to be cash flow positive (based on the value of your equity) so I would sell them all and reinvest in better properties or put the money into a income fund.

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