If you plan on getting more properties it’s going to be more complicated getting commercial loans or sometimes even standard mortgages for under properties under $100k ,,many lenders say the paper and legal involved not worth it for them . buying condos imo gives you less leverage and you have less people who want to loan you the money.

All of the normal methods don't seem to produce much return for my dad, and even if he got 100% of the cash flow it would take 7+ years for me to see any profit.

We need to get involved!

I would advise not to involve family members in deals unless you have shown a proven track record and the family member understands the risk of not getting his/her money back.

Then get involved in a local meeetup where you can meet some other like minded investors who can help guide you along the way also.

Bottom line is I prefer to invest money rather than hoard it.My method is as risk adverse as paying cash for properties but far more lucrative.

Have been involved in multiple 1031s either as a CPA or an investor with him and it always goes smoothly.

Also, somehow there is a wholesaler involved so I have no idea how they are making any money out of this deal. 

Good info... are you involved out there?

Also, with the red tape involved in 203k, I'd rather go out of pocket in that sense too!