Even if you looked in Ohio as well you would be hard pressed to find a complete rehab for 60k. 150k-200k is a realistic price range for multi-family in Columbus.

@Erick Caffarello 1) you will  be  hard  pressed to  find a 90% ltv   inv property loan 2) if you find one - it  will prob  be  such a portfolio  type loan - it may not have any mtg ins  3) if located - it will be pricey 

But if his goal is to clearly work for himself in real estate, I think he’ll be hard pressed to find a business degree that will provide enough value considering not only the debt, but opportunity cost of starting much later in life than if he tried to get into the business in one way or another.

If you're obtaining a commercial building, you'd be hard-pressed to do that anyways given generally tighter lender standards and a minimum DSCR you've got to reach.But the big thing to note is you can have your cake and eat it too!

If they press, I tell them my wife and I own it.

He is now putting money into a legal battle while maintaining a burnt up home so the health department and code compliance won't press charges against him for not maintaining the home.

I usually prefer one with a rounded edge compared to  a pressed bevel; easier to grout IMHO.

I only look for real wood items, no pressed wood junk, I may sand it and stain it, I may put chalk boards on the fronts and sides, maybe granite on the top, I do not go out an purchase these for full retail.

You will be hard pressed to find anything under $200k currently and if that's going to be used as a down payment, you'll have to see if your son qualifies for a loan if you want him to be sole owner. 

On a four-plex you should have four boilers, four hot water heaters and with no reserves you will be hard-pressed for a solution when something goes wrong.