The golden age of Investing.

Thanks @Kristopher Smith, @Richard Ball, @Paul Leason, @Kim Meredith Hampton, Account Closed for your comments.  

Here is a small kitchen we did back in the day: http://www.zillow.com/homedetails/610-Texas-Ave-N-Hopkins-MN-55343/1877918_zpid/ The cabinets were from ADI Supply, solid wood, soft close doors, ball bearing hinges, etc. 

If it does get to the point where you would have to evict him, you want to make sure you do it correctly and know what to anticipate up front (keeping in mind that nothing ever goes "by the book" in landlording and you have to  know how to handle the inevitable curve balls).  

@Cody Snow @Beth Hazen's advice is golden.  

I am eager to get the ball rolling so any and all advice is welcomed.Thank you!

You need to work FSBO and off market pocket listings.The reason negotiating price after a inspection is a negative is because sleaze ball investors in the past have used that as a standard negotiating tactic regardless of what the inspections find.

Thats why some agents price the house low so they can get the ball rolling with the bank.

There is no golden goose to investing, people make $ off all aspects of investing.

@Genna Golden Thanks for the recommendation!!