Always develop an exit strategy when you make a purchase.

He's going to inherit everything eventually anyway, ;-)

There are tons of companies buying up Detroit because they know it will eventually recover and blow up.

They'll buy more and you'll develop a good reputation. 

So I will have cash reserves set for the property.Current RentsUnit 1*: 615 Unit 2: 775 Unit 3: 775 Unit 4: 600 (Will occupy this one)= $2165 monthly rent* I plan on upping this to 775 once in my possession, and eventually increasing all of them to 850 once it's turnover time.

The 16 unit is in a developing area and the other two are right inside trendy areas.

He says there is a 'new' sub division around the lot, near the front entrance of the gold course, but zillow is showing the newest house built around this area is 2015; time is apparently relevant.It might still be worth the effort to contact one or two of the major developers in the area to gauge any interest.

I’ve seen investors with larger portfolios eventually see it level out and become more predictable since you can spread those expenses out across more buildings/doors.

These people are great marketers, as they've developed a list of buyers. 

It's either in a bad part of town or in a far suburb still in development.