I am paying $39 a month to have them as a registered agent.

because of the issues you guys are facing. now maybe these folks are paying cash to build as well ?

He mentioned they’ve had trouble paying on time lately.2) This place rents for $1,500 now, could be as high as $1,650 fixed up more but the total mortgage payment with taxes and insurance would be about $1,500-1,600.

Start working right away and you could have a well-paying job, be debt free, and own a couple investments within four years. 

Then why would you consider paying $1.3 million for this property - $70,000 over value?

Folks are fighting to pay $700k for a duplex here with market rents of $3,500.

Further, he's using an @gmail.com email address—don't get me wrong, I run my RE business through my primary @gmail accounts set up for the LLCs, but as a legitimate tax-paying lending company? 

I declined to pay for the repairs.

What are everyone’s thoughts on purchasing properties with tenants in place currently paying below market rents?

He has someone living in the property (my grandpa's wife's daughters niece) (kind of tricky there) that only pays him at least $800 a month.