@Neddie Smith I was in a similar situation with a partner of mine (technically, my partner's pension fund) and we discussed this with a very experienced and competent attorney several times. 

That shut her up, and apparently she called her mother, as they rent was delivered within several hours.  

My business partner has quite a few co-workers who have several rental properties and they have encouraged us to look into rental properties.

Industrial property with several thousand square feet of vacant space that could be used for development. 

I would make sure you get all the documentation from the town that it was certified with a good bill of health.

This is Allegheny County, If you know the county court and county property records-keeping systems, you can crawl so far up into people's private business using the online records system that you're ashamed of how much you know about them.Our tenants also typically come from the health-care industry, our area's largest employer.

He is older, and wants to have an income stream for the next several years in case he or his wife end up in assisted living. 

@Etahn Smith, I've worked with Eastern 1031 Starker Exchange, LLC on several deals.

I'm not very good with window terminology, but when I took a look at this property, the "side jambs" were turned inside out on several windows? 

I have several properties with very old appliances.