Here are a few observations from my 25 years of investing in the area :- There will always be a good number of foreclosures in the area as most military buy with zero or very little down and when they are transferred in 3-4 years do not have the equity to sell and when they become a landlord have very little in reserve so they can't handle vacancies or repairs- Tends to be a better rental market than for flipping.

You can transfer your retirement funds to a Rollover as Business Startup (ROBS 401k/PSP) in fund a real-estate operating company.

When closing happen, that means the money is transfer and the property is in the hands of the new owners, (this is correct; yes?)

I check title to determine if any voluntary transfers or encumbrances affecting title have occurred in the last year or two.

The title transfers to your name, but the first lien would stay with your dad.

Also, all our meetings are video taped and so if you can't make one it's nice to be able to catch up on what you missed.

There are other potential complications such as the increased amount of red tape, paper work & the other tasks that come with that

For all of 2013 I had  three pictures printed out on a piece of paper and taped on the wall next to my computer where I sat every day.  

The judge then reviews the claim and if it has merit assigns a case number and gives Marshall instruction to serve the defendant notice.If the claim has no merit or the case was filed in the wrong jurisdiction the case might be transferred or the judge will just deny the claim and not even assign a case number.If the tenant files a "baseless" lawsuit the defendant can actually seek counter damages against the tenant.

If you are wanting a newer look of painted walls, you can fill the seams and cracks with spackling and tape and bed or texture as desired then paint it and it will look like a normal sheetrock wall.