If that combined lump sum is enough to have a major negative impact on your parents lives if it were to be lost/diminished significantly then you might want to reconsider taking this idea any further.

The reality in this business is that the term of a lease has no positive impact on how long a tenant stays. 

Since the heating system is new we do not see it impacting ARV.

I was asking other experienced multi family owners, what they use their superintendents [in a case they only take care of a small 3-15 unit buildings, and there is not much to do on a day to day basis (and obviously they have a different regular day job)And what is the price they pay for it.If you're experienced you'll know that every building can be different  for a lot of reasons, for instance when no body in that area wants to do it for the price you wanna pay etc.

Some of the association fee's are outrageous and if you have a vacancy for 2 or 3 months that can have a big impact on your bottom line.

If you kids don't want to go to school, it has no impact on your savings.

Any of the following are signs of a war area.Constant sirens and helicopters.Gun fire at night.Shoes thrown over powerlines, indicates drug sales nearby.Seemingly able bodied working age people just hanging out during the day.Large number of liquor stores and check cashing stores. 

We were looking to have a more scaleable impact with our dollars, moving from single family investments to small scale multifamily.

Using a 3M M3000 Hand Masker and my Titan 440 Impact, I masked and sprayed a full prime coat, and two coats of finish on this project with about 2 hours of actual labor.  

However, there are a few steps you can take right now to start cleaning up your credit blemishes and here they are: Always remember to pay your bills on time- late payments can have a serious impact on your score.Do not apply for credit frequently.