After  talking with a bank..I now see there are some pros—for example when applying for a new loan, 100% of that rental  income can be reflected as income (opposed to 0% if you have no documentation or only 75% if you have a signed lease). 

One question is whether the duplex is already priced to reflect the fact that it needs a new roof.  

However, the contract included other properties, so the purchase price is not solely reflective of the abovementioned property.

You are looking for a "Waiver of Subrogation" naming you as insured on his ACORD certificate (this would reflect his WC, GL, Umbrella, and etc), if it is real, then you should be off the lawsuit, if he made it up, then he is guilty of perjury.

Sales are moving up and the appreciation is there for long term hold or flipping.Over 100 properties were sold in the past year which is reflecting on the massive activity in Brewerytown.Let me know if you have any questions.Regards,Joe Scorese

However, I have been exploring Minneapolis where property prices are much lower and yet there appears to be healthy demand for rentals as reflected in pretty good cap rates and low vacancy rates. 

There company is a reflection of what you will find with Chris' operations as well.  

I purchased these two home on 5 acres while in foreclosure, as I reflect...I've spent countless hours mostly solo DIY to complete this project.

-The appraisal was done two years ago when the house was somewhat lived in so doesn't reflect the current condition of the property.

If the property is financed and owned by the LLC, and I guarantee the loan, I should not have this debt reflected on my credit unless the LLC defaults on the loan.