There's a lot of factors to consider here that would effect the terms.

Dont you have an address on the driver license, or any mail on your name that is sent to your parent's house? 

Again I would not have had this before investing in real estate.Also, his desire for liquidity may just make you change your strategy to buying single family since there is the largest market of buyers for that type of property, and at least right now in my area everything is so hot if i wanted to sell I doubt it would take more than 30 days to sell a property and liquidate my money.But he may not know these things or see how they will effect y'alls financial situation.

Has anyone tried direct mailing in Anchorage, Alaska and how effective is it?

@Ken Nguyen go to Zillow, type in your address, then when your property pops out (in public view, not in landlord view), scroll down and click "neighborhood".

This was the only bill addressed at closing. 

Charles, your post does not have a link, address, or any other information that other people can comment on.

If any 1 of them brings in something illegal it can effect all of those living there .  

But $15K for any kind of rehab seems very minimal and there's more often than not other issues you will have to address that you weren't aware of.  

Does the lease address this issue.