I mostly do all of the sales related aspects of the business for his PM business, primarily the filling of vacant apartment units. 

When you get a return you can put your detective hat on and find relatives if you find out they are deceased or elderly At the end of the day you want to reach your audience when at all possible.

There are a few pockets that are relatively affordable, but you may have to be patient and act quickly when something becomes available.cheers,Jeremy

But I think there's also a related party issue with the family all being involved. 

My advice to you is to create an LLC with the relative as a capital partner in the LLC.

It's likely I will not have to pay them for anything related to a purchase or sale (included with plan), therefore I'd like to have someone experienced. 

Example: You'll get a better terms (relative to a bank), if a seller has to free-up equity to pay a tax bill or pay the medical expenses.

Assuming all other things being relatively equal (ie you won't be investing in a market that doesn't cash flow, obviously) prioritize people over market.

I work in a companion position to commercial real estate appraisers and as such have had opportunity myself to conduct title searches - one of the houses I mentioned earlier was also an estate property that had been flooded while the relatives sorted the will. 

Thanks Aaron , I am curious though, are the buyers looking for a certain price point related to the quality of the house and are they appreciating like owner occupant houses