Working with family is tough, however, if everyone is logical and you make sure to disclose all aspects of the deal and make sure everything is very well documented and spelled out in contracts, then it is very possible. 

Bones of the house are good, but cosmetically it hasn't been updated in years, AC is 12 years old, roof is 5 years old.

So far this home has needed roof work, joist work, new HVAC unit, flooring, paint, counters, and more.

Current owner has made a number of improvements this year including a new roof and parking lot repair.4.

You are providing 4 walls and a roof, not a livable home.LL pays for TI usually reimbursement schedule $/sq ft again, depends on length and strength of lease as to how much you're willing to pay.A broker or attorney can walk you through all this.

-Comps in the area range from Listing Price between $15,500 and $34,000 Selling Price between $29,000 and $34,200- I purchased the property for $1600 at the foreclosure auction -$10,000 in for complete rehab Including roof.

I have multifamily buildings that are prime candidates for roof decks, but I don't think I'd recover the expenses in rent.

It would also allow you to manage the commercial aspect better if needed.

And I am talking about your primary home, I understand you can invest anywhere with the right teams but you still need a roof over your head while doing it and paying half the mortgage I pay now would be fantastic! 

I may do a new roof ( I have a roofer will do good work and charge me a deeply discounted price - (close friend of mine) Of note and the last question is - the electric meters were not present and I called the elec company and they told me that the esid's were retired and the meters removed.