Daniel,There are a lot of factors to consider for this, but it is definitely much more feasible than converting a 2 family to 3 family.

You definitely need to spell out your roles and responsibilities.

We are definitely doing our homework and now working on a list of questions for the listing agent to see what he and the bank say. 

We’ll definitely give our agent a gift if it didn’t work out. 

For instance, NYC multi family will definitely not cash flow positive with 10% down unless you bought it dirt cheap which rarely happens.

Risk management is definitely important in this area.  

so you'r son is a real estate investor from 1 day, nice ;)thanks, i'm definitely trying to do just that, regarding multi family, i am keeping all my options open, i think i would like to start with a single family house, to get to know the business, since i'm not from around here i also have a lot of logistics to handle on top the of the rental. as it said, i'm really keeping my head open. so open that currently on the table is investing in multiple countries not just the us :D

If it's a bad (high resistance) connection it's a definite fire hazard and needs to be addressed immediately.

But after all of the positive replies saying to do it now, I definitely don’t want to wait!

People who live and work here are finding it harder to afford rents as well as buying homes.Finding properties in the outer areas will definitely help with cashflow, but recognize that Canyon county has higher property taxes for non-owner occupied properties.