I advise you to take this time to make sure you get a updated rental agreement/lease between you and him, after you do the repairs; take a long, slow video and lots of photos of his unit (& the whole building- especially rental & public areas) LABEL & SAVE the evidence in a safe place (or two!)

That and to have a solid partnership agreement ironed out by an attorney.

Full rehab, building has solid section 8 tenant in it, and going well What made you interested in investing in this type of deal?

The station had a phase II done in 2012 after they removed an old tank and has kept solid maintenance systems and records.

Some people are afraid of ELF EMF from power lines - nothing solid about it in Medical journals ... read a little.2.

It is a solid brick building, but the replacement cost shot up due to the change in supply chain and construction costs. 

Find a place that is solid and has potential to add equity through updates/renos. 

I've had well qualified borrowers not get approved by the lender due to a poor deal, whereas, if the deal is solid as is the borrower, then all is good. 

I have started doing research on what would be needed to turn a building like this into an assisted living facility, but haven't yet been able to find a solid source for information yet.  

@Sunil Kurian great point - having a solid team is key to becoming confident investing out of state.