@Kyle Kulhanek Are you planning to transfer the property into an LLC owned by both individuals on title? 

Are they doing everything possible to expose properties to the broadest possible market?

Quote from @Brandon Croucier: Financing a commercial MF that runs as an STR is possible.Appraising a property based on the income is not, whos to say a buyer would STR the property. 

Purchasing a property for your child while they attend college can be a strategic investment and a great way to provide them with stable housing.

@Angel PerezSounds like you are dealing with a C5 property. 

@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

There has always been many questions as to if one needs to be licensed to engage in COMMERCIAL mortgage brokering/origination or RESIDENTIAL INVESTMENT property mortgages.  

You do not need a separate LLC for each property or a series LLC!

Patio door prices can depend on the Model of Patio door you are looking for, for a standard 60x80 in white it will cost $1900.00 colors can be added, and for a patio door 72x80 the cost will be $2100.00 Outswing for a 60x80 will cost $2600.00 installed, and for an outswing 72x80 it will cost $2700.00 installed outswing with Grills for a 60x80 costs $1860.00, and an outswing 72x80 will cost $2300.00 installed.You also add blinds to all sliding and outswing patio doors for an additional charge.

What may the property be worth then and how much cashflow might it be generating?