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!

Other people's opinions on the matter ultimately aren't important.  

I've been called that from about 6yo.My personal preference is to start small but not knowing to much about the game here is limiting my view on how far I can make the 200k go without being able to borrow funds (and which market I ultimately choose to invest)I have completed a 2 page business sketch stating that I'm happy with 2-3 projects in the first year as I'm not putting a ton of pressure on myself time wise.

I currently live and work in SoCal, but I may ultimately move to the Wisconsin/Illinois area (SO's friends and family).About the property: 7 units (6 Efficiency, 1 2BR) in a 3-Story house on the Upper Easy Side. 

If you survive through the entire 69 page Zimmerman/Volk report let me know. 

Check out the Ultimate Beginners Guide if you haven't already.

One thing is for sure, if we learn to survive in the new lead paint regime we shall dominate our areas...few investors will have the stomach for this.Andrew 

The Ultimate Beginner's Guide is a great place to start on here.

You're in the right place if you're interested in learning.Check out the Ultimate Beginners Guide under the Education Tab and check out the Podcasts.  

The ultimate beginners guide is a good place to start.