I have a friend with some weird circumstances, here's the story:Person A can't get a loan but has income.Person B took a loan for Person A for a duplex at 500kPerson A paid back Person B for Down payment and is paying Mortgage on time for 10 yearsAfter the bubble burst, property price dropped to $200kPerson B did a loan modification for Property in 2014.Loan is now $200k.Person A now found his calling and is leaving the country.Person B buys out Person A for $130k cash and continues paying mortgage (since its his anyway)Loan Modification had a clause upon termination of mortgage a 25% fee is due of difference between initial loan value of $200k and current property value at termination.Person B wants out but would want to see the $130k back somehow.The two units are rented out for a total of $2000/monthThis is in Chicago 60618.Comps are $350k~$500k depending on conditionTaxes are about $6k annually.Water is about $1,500 annually.Tenants pay other utilities.How would I help Person B (my friends uncle, Person A is family as well), at the same time get some value out of it?

Oh, and I spoke with a good real estate agent and he said my rent should be higher more like 950/mAs always any thoughts/advice is greatly appreciated.

Commercial in general looks to the property to justify the loan, versus the person as much.  

Too many tenants or too many units owned by one person (a landlord) and the entire project will become non-warrantable.  

Glad to see that you are a fellow Indy person as well.Here's to your success!

My initial thought is being able to "inspect" damage or a repair by having someone video it and send you the video, or you could watch live and ask questions.Second thought is having typical security cameras in common areas and being able to remotely review footage when someone has a complaint, at least to get a sense of what's going on.Seems like with modern technologies there should be some clever approaches that make remote management easier...Speaking of which, @Ryan Swan, there are electronic locks you can put on a door such that you can give a person a one-time code, and you get a record of exactly when they entered and left.

Try to make each person a different listing agent, so you are meeting as many people as you can.

Look at as many properties online and in person as you can.

Most tenant screening software that I have used puts the onus on the tenant to enter their persona information such as SSN and DL number into the software.

I haven’t read into David Greene’s methodology enough to know if he advocates using an agent and a PM (two different people, instead of one for both) but for me and my OOS investing, I find it has worked best to use one person as your agent and PM.