Be advised though, I am one of those guys that will want to know everything about the particular investment vehicle and the deal we/I do.I am really, really ready to network with mentors, investors, and team members of all types, and am looking for solid meetups to attend.

U would be well advised to have samples analyzed before committing to purchase this property.

Best thing to do would be to reach out to some local builders that specialize in each of the different types of buildings and meet them on site to discuss so they can advise on any potential issues there. 

If this is a tough neighborhood, consider looking for a property manager first, and then asking them to advise you whether they would manage the properties you look at. 

Same advise would be good for any one else you want to reach out to. 

I have received advise in some meetups that if it is > 4 units, it is better to get a commercial loan than residential loan.

Can anyone advise me if i should look to invest in the midwest being so new?

You should not be giving advice on a topic where you advise people to violate the law or real estate licensing regulations.To the original poster, yes, you have a fiduciary responsibility to this seller and a moral one as well.

Background:I have a friend that wants to get into real estate investing. He offered me money (around 30k). He lives out of state. I have a 4 properties with 11 doors currently myself. My father sells real estate and I...

Thanks for the advise.