He would pay my mortgage payment and assume all responsibility for home maintenance until such time as he can qualify for financing. 

I excel in identifying landlords open to this approach, paving the way for your business to soar to new heights.Additionally, I am available to support you as a personal assistant, ensuring your requirements are promptly and effectively addressed.

Does this mean that a 30-day notice is required instead of a 3-day notice?

One month rent for tenant placement and 8-10% monthly maintenance is pretty standard for LT property mgmt.

Transaction costs, seasoning, pre-payment penalties, DTI impacts, minimum lending requirements (more than 50-60k), and a long list of other issues make this a bad strategy.Buy 1 and see how it goes.

You would only have to prove your ability to pay the existing loan and would not be qualifying for a new loan with all of those FHA requirements.   

If the building codes do not require the upgrade of the other units it is unlikely that the company is required to pay for the upgrage. 

Police reports will also be required, and someone is potentially going to jail.  2.

City required asbestos removal first.

If so, what kind of paperwork is required to fill out.