Sounds like you're way ahead of the game with your job skills - I wish I had half of those abilities to take care of our rental properties!

Also "no lease" because you are in a month-to-month period of an existing lease and "no lease" because you don't have an instrument to take to court to evict someone are two totally different situations. 

Your equity is reducing your possible returns not increasing your cash flow.If your father has no use for additional income he could leave it where it is and not care if it is impacted in a market shift or he could pull it out and invest in a income fund or a REIT. 

Patch of Land does, however, originate every loan offered on the platform so good lending guidelines and careful underwriting are responsible for providing investors with good, high yield investment opportunities.

As Ryan said, looking at similar rentals in the area can also give you a good idea of an accurate rent price. 

Most people I've dealt with are generally reasonable and will take care of the invoice because they know they were responsible.

The rest of subject to the method of an investor taking a majority interest and chipping away at the rest.

I don't care what an approaser thinks a property is worth I care what it is worth to me.

They are already taken care of.Travis Weitthoff said:"...One example and there are many, would be a private money lender with a first lien position."

For example, if the average occupancy of 1970s built properties in the sub market is 90%, you shouldn’t expect your 1970s built property to sustain 95% unless rents are below market—no matter how good of an operator the syndicator claims to be.