Do to her age and desiring to be hands off, she has kept the same family in the property for nearly a decade at 1/4th the market rate.

First, I got into the business young (age 21) and I didn't understand the amount of work it took to be successful.

At that age for me we were still using rotary phones, there were a handful of over the air channels, no video game consoles, and certainly no internet!

The public records should be able to tell you the age of the building.You'll need to see what similar properties have been selling for, to know if this is a good price.

@Venkatesh B.Generally speaking, your current employer 401k plan will be locked up until you either leave the employer or reach age 59 1/2, and you would be unable to move those funds to a self-directed plan which you could deploy into real estate.  

age of property?

I'd like to flip this myself but if my age and credit comes into play in not allowing me to attain finance then I'd bring my father in as a buyer to this property for him to flip.

Although, I understand in this day and age a college degree is respected but not needed to be a successful entrepreneur - I am grateful for my journey thus far of attending classes, working corporate jobs, completing internships, and traveling for modeling which ultimately has helped me to see everything that I don't want my life to be like after graduation therefore I now have the understanding of what I do want and along the way, I have learned how to truly value the necessity of self education and mentorship to acquire the keys to success. 

I have been interested in investing from a young age and have been investing in the financial markets since I started University.  

I really think that at his age after learning something about the business he could start getting some of his own deals.