Then, you can assess if what you have to do is worth your time."

I would encourage him to take a lot of time to assess, take small risks at first, and learn as much as he can along the way.

Would you agree with this assessment?

It sounds like the plumber took advantage of the situation. second… Many property managers wouldn’t know much difference between a hammer or a screwdriver so expecting them to go assess the situation is not practical.

These questions will help you assess their experience and reliability.

Do I consider it as an SFH and assess potential rental income based on SFH?

Otherwise every vacant lot would be assessed to have a multistory building on it.

Didn't mean to get political but I generally vote no on anything that will cause more rent control or increase my property taxes (all the special assessments).  

Also, there's the added risk of being compliant with federal regulations & state laws as well as properly assessing/vetting both the borrower and the property.

I understand that that a home in Jerome Village would already have property tax, that would include additional fees for the roads, infrastructure, etc. and that it's based upon "millage" and the home's assessed value.