@Patrick Goswitz  from different point of view.

I was really interested in a 1/1 on top of a hill (had a bit of a view) but was several miles north of Hochatown, so was talked out of it by my realtor.

So basically, for a B minus area, for a 3 bedroom brick home you will spend 110k for a rental that brings in $1,400 per month and in a class D neighborhood Section 8 you will be all in for the same cashflow at $80k.If you extend you view to "Metro" Detroit you have more opportunities in Cities like Warren, Hazel Park, Taylor, Romulus, Eastpointe, et al,. 

Set up 1-2 hour time periods on Saturday/Sunday through messaging of when your dad/can call him the showing agent can be at the property so prospective tenants can view the unit (will save him a lot of back and forth).

Unfortunately, this leads investors to view return of capital as the most critical deal metric and deals that may have better fundamentals which are indicative of long term success are dismissed because 100% return of capital cannot be achieved. 

Also if there are multiple owners it ends up being like a HOA and I would view it as complete chaos on who is actually running the show.Why are you bullish over these vs. a traditional  Regulation A+ or Reg D 506c offering where you invest in the entire pool?

See the 2020 aerial view below.Very little undeveloped private land is left in the Las Vegas Valley, and desirable areas cost more than $1 million per acre.

In this case, other condos in my complex with the exact same floor plan & square footage but in much less desirable condition and without views (I have an amazing view) are selling for 15% more than my appraisal.

My property for sale gets 100+ Zillow views daily.

The most important advice is not to get emotionally attached to properties (If viewed as an investment vehicle, Owning for personally reasons is difference).