But it sounds to me like you just need to read your contract and then speak with the manager to get an understanding of how they operate.

A buddy of mine just bought 6 in the south end and they are doing pretty well.He also bought another in J town and has a few over there.

Probably your best bet for cash flow here as a few clients of mine own them and do ok, but its a challenge dealing with that type of tenant and might not be the best first investment property idea..  

If you have standards stick to them otherwise don't have standards at all.You are operating a business not a welfare office. 

This guy has worked doing residential and commercial and now has started his own deal where he operates on his own.  

I don't really know any other investors or liked mined folks in Cincinnati and I think its time for me to do so.

Electric panel operate to 100 amps?

I personally wouldn't buy any rental without at least a 15% return so it makes sense that his offer would be higher than mine.

A separate LLC also needs a tax id number, an operating agreement and an account with the state comptroller.

After that I'm guessing that the executor will either have your parents buy out the interest of the deceased according to the operating articles of the LLC or it will be dissolved and the assets distributed to the members (your parents and the estate/heirs).Many of our clients have taken the opportunity of having some time to plan and have used a 1031 to purchase an investment property that they will convert later into a retirement residence.