So a little info on the project: A man who I have done business with in the past and is actually a sort of mentor to me, has a 16-Unit building (and a 24-Unit we are also working on) in a C/C+-Class neighborhood in Milwaukee, WI.

There are a lot of persistent myths about this sort of thing.

I think I could do it on my own, but I sort of like the separation between myself and the renter.  

That is sort of what I'm planning to do.  

Do you have some sort of verification process set up to make sure the seller of the home ACTUALLY owns the home?

I said this to sort of feel him out since I know he knows his stuff.

If you hold the property long enough and make sufficient upgrades you should be able to make some sort of profit down the road if you choose to sell.

Am currently trying to sort out some work and am always looking for quality GCs.

The rest of the family want to get rid of the home since it is too much for the brother and want to get him in some sort of assisted living.

Hello,I am new to property management...sort of fell into it after selling a 3 flat to my client.