He hasnt kept records but from  the looks of the property it is well maintain also what do you think this property is worth?

My properties are well maintained and are in A, A- areas only.  

Advantages: The entire area is new development, so there is no run down areas or neighborhoods; the complex has a club house and a pool, which is attractive to tenets; the HOA covers all of the outside maintainence; they are building a campus extension of a local university; close to interstate;  plans for business development in the area are extensive.  

By maintaining a service approach and concern for the greater good of the community, we play a valuable and important role. 

Ideally I'd purchase the property for below market value, fix it up, "force" appreciation, and then once I'm able to I'd invest in another property while maintaining the passive income on the 1st one.

It's always a good rule to maintain open communication with team members to avoid wrongful assumptions, plus it provides you feedback (what the realtor can do/not do to help) to see if the person is actually worthy of being on your team.The realtor should also be able to provide you with searches specifically for owner finance properties. 

I am just curious as to how some of you seasoned investors maintain health insurance for yourself and your families? 

In theory they should equal what you would spend on maintainence, insurance, trash, etc.

I see this position being especially attractive in hyper-competitive markets where deals are difficult to come by.But I maintain the abundance mentality is ultimately more fruitful. 

The owner will maintain insurance on the property.