Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

Attorneys often specialize.

Are there any special ways to approaching apartments, there seems like a lot of oppurtunity to the high volume of aparment owners.

I have outlined my target markets and towns, I have also started reaching out to the town assessors for property owners lists and a special request to highlight and show the owners and properties that have any tax liens, etc.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook You might consider Niche or Specialized Housing like student housing.

If you develop good relationships (schmooze) with the key people at the store, they will clue you in to the special pricing.

There is actually a special form that the owner and the tenant must fill out in order for the tenant to be billed instead of the owner.I do not pay my tenants water/sewer bill.

If it's good, evict like anyone else, they are not entitled to special treatment.OTOH, agree and keep a govt. tenant.

Why would it be any different than getting cashed out then making the same mortgage on an unrelated property to someone else (Which I can't imagine would be a scenario with any special tax benefits)?

You can buy as you described.Since this is your father, you can use a quit-claim or a special warranty deed, but, you need to modify these standard deeds to reflect the interest conveyed.