I know you don't want to deal with tenants and their problems, so why not either:A - Buy a NNN property where you don't have those problems, but still have cash flow,...orB - Take your $500k, and partner up with another investor where they deal with the tenants.

If you find an MLS deal that can cash flow, and you can get appreciation, pretty good.Good Luck with the inspection!!!

How did you find this deal and how did you negotiate it?

I could get the same or higher overall ROI by putting my money in an index fund which is 100% passive.Deal #2This seems like a good deal to me at the asking price.

From real estate investors to other small businesses, I talk to people daily who have no idea about the potential liability under the Telephone Consumer Protection Act ("TCPA")(47 U.S.C. 227 et seq.).There are two initial issues that can create huge problems with your suggestion.

I would be very happy to help you with finding the right condo, listed on MLS or off-market deals that I know of out there. 

I have never found anything he does or his business do to be shady.

It's just business.

Whether that is staying in the family business or doing something else.

Starting a business is hard and most of them fail, so it's not you.