Turn Key is good option if you want the asset handed to you at market value with no upside.

If you look at your photo above, and put your hand across the arch (to mimic removing it and shortening the window) the view/light is reduced significantly.

Every lender has their own rules, but in pretty much every residential mortgage contract, there is a clause that triggers if the property is sold or transferred to another person or entity and this is known as the 'Due on Sale' clause.

Only a handful of properties in the town have been grandfathered in. 

Based on what I know from BP, I'll need a RE Agent/Broker, Property Listings, Property Manger(s), Contractor(s), and a Hand Man.Like I said, I want to build him a portfolio. 

So much of this business is actually "learned" by getting your hands dirty.

On the other hand there are plenty of opportunities  in great neighborhoods in the city an surrounding suburbs.

I would do less down if it works, as the funding fee will be spread out over years and keep the cash in hand for your next purchase.  

She told me that she was scraping by, and living hand to mouth. 

With standard wording, any transfer (subject to sale, wrap, AITD), an option, or a lease longer than three years will all trigger the due on sale.