. - Wife and I never made over $150k combined- Buy and hold is the primary strategy- House hacked twice- Took some major hits along the way.

Net net, I think it offers a product that is 80% as good as the best accounting software and 80% as good as the best property management software, but all combined into one.

@Joel BetancesThere really isnt anything to do here, you can ask your lender about the combined $1500 in processing and underwriting fees, but appraisals are running high right now.

So if at death it is worth $5m, and of that $5m based on the waterfall agreement you and your sister would get a combined $800k - that $800k does not get stepped up, just the $4.2m that belongs to your father does.If your father is subject to estate taxes, and there are substantial discounts taken on the valuation of partnership interests in his estate - that cuts back on the step up, but it saves steeper estate tax, so it is a worthy trade most of the time.

Know the house and the finishes, if its out date stage it to look modern or make some renderings of the updates.

The safest bet is to try to get a variance from Union City. though clever, your combined unit lease agreement would likely cause trouble if ever scrutinized by the Tenants or the municipality. 

In your opinion, would you choose Section 8 over Traditional or Traditional over Section 8 or a combination of both?

He mentioned that he would get a combination of SBA funding and private money. 

Just like with multifamily buildings, the more modern and move-in-ready a property is, the less potential there is for adding value, which can limit your return on investment.I suggest looking for off-market properties.

He combined working with Al Lowry and taught a real estate seminar series, over 10,000 people had attended their various seminars across the country.