I know people in Canada, China, England etc. that own property.There is no law I am aware of that says who can and cannot own real estate.  

Depending upon your background, there is no right or wrong answer?

I always recommending reading the information made publicly available about companies who do a regulation a+ offeringI have no opinion or research on this company.

No one can helpfully answer the questions you pose without more specific information.Have you walked through the property?

I also have $100,000 sitting around from him because I have no idea what to do with it help!

I agree that including parking for four units on a standard lot with no alley can be tricky with the new requirements for setbacks and outdoor area, but it's not impossible. 

Below is the link of the property:https://www.loopnet.com/Listing/927-Dixon-St-Tiptonville-TN/...No idea why it would be listed in the title unless the owners took some kind of government incentive that requires them to only lease to section 8 tenants.

Typical maintenance and capex, no real disasters. 

The problem is we have so many mom and pop landlords and there is no central system to communicate new laws. 

Chances are you have someone with honor transparency and integrity on your hands and that is very rare.If the answer is no... well, if he lied to the homeowner, why would you think he would not lie to you?