As others have said, the best thing your son can do is run far from this deal, buckle down, save his pennies (he probably already is doing this), house-hack, and improve a property with sweat, hard work, developing a DIY skillset, and self-managing tenants. 

The information contained in this post is not to be relied upon.

The information contained in this post is not to be relied upon.

However, we left out a fairly full container of laundry pods.

As first-time landlords, we considered self-management, but as new parents who work full-time, we decided that hiring a property manager would be the best option for long-term rentals.3.

Self managing C class units can be very deceiving.  

Preferably contact us by e-mail as we are not allow to self promote. 

For what it's worth, this condo is technically owned by the the trust established by my Self Directed IRA.Thanks!

They do public debt funds, apartment complexes (in Southern California and the Southeast), car washes and self storage.

All things being equal, I would accept these applicants, but I would require them to pay a deposit equal to two months of rent.