Please be aware that investing in medium term rentals involves a lot more than running numbers and buying furniture.

Now he does have children he wants to pass wealth to (cash) and not his business.

All of them gave the same pitch: waive security and first month rent because they have to invest in furnitures. 

Furniture and amenities, cleaning and turnover expenses, and maintenance and repairs are examples of variable expenditures.Mortgage payments, real estate taxes, insurance, property management fees, utilities, upkeep, and repairs are examples of fixed costs.

Now Grandparents , Parents, and Adult Children all have their own place. 

He and his wife hold it in a revocable trust with plans for the asset to be distributed to his adult children.  

There is a woman from California looking to do this upcoming for a year before purchasing locally to live near her children, that sort of thing, and in her case taking it slowly.The lease is signed and they paid.

During this time I am working in parallel to order appliances, furniture and trying to time deliveries.

Many of the quads are brick, the stairwells are usually larger (helpful in getting a fridge or furniture up), and you just have a more solidly built structure to work with. 

So many celebrities are leaving that the news talks about it quite regularly, and many of them cite increased crime, toxic policies, homelessness, a desire for their children to have better communities, etc.