The photo you included is very likely not considered a legal means of egress from the third floor units.

Main thing is to find out where his perceived risk is and what HE thinks will reduce his risk. 

What will it cost to buy the property, how much will it cost to rehab (to include how long it will take), and what will it realistically sell for?  

That includes the connections to help them be successful investors themselves.

However, if you're set on managing it yourself there's plenty of websites and apps you can utilize for rent collection.Some may or may not include messaging for requests such a repairs or maintenance, but if you're looking for rent collection there's quite a few options on the market that are affordable.

The reason I ask about the new NAR requirements is because these investors seem to believe that all offers should include the seller covering the commission.

Thanks again for all the content—many of us, including myself, really appreciate it! 

The engineering included public roads, public water, public sewer, and a site lift station.

You probably can't change the rate by much, you can raise it some if you include utilities.

This includes understanding your budget, securing financing if needed, and determining what you can comfortably afford.Research is key.