Jasper,Since your father is willing to owner finance the property he could potentially structure the transaction as an "Installment Sale" for tax purposes and recognize the gain over the course of the finance term. 

I haven't done any of my own repairs or cosmetics on my first property but I did learn how to recognize the greedy, overpriced contractors from the quality reasonable ones.

While most MA people recognize the traditional white plaster boiler asbestos and exterior shingles, also be aware of the pipe wrap and floor tile.

You just need to look up your states independent limited liability shield for LLCs.Even though you're state does not recognize Series LLCs, you can still set up an out of state Series LLC.

This is some of the best info (no sales pitches just the good stuff) from a ton of proven men and women in this industry.

It may be wishful thinking but if you can get the seller to agree to it then you have the opportunity to take control of the property, gain some experience managing the property and increase the value so that when you do buy it you already have the proven experience. 

Don’t buy based on stuff that can’t be proven .

I recognized a city sticker on the door as being not approved for residence due to condition.

Not that I was wishing that your deal fell through, but its good to recognize that we won't give up. 

You will also be able to recognize someone who you can have synergy with.