My only concern on this older house was leaks and the path jobs done before me were very poor.

They seem to be in relatively good order but poorly managed. 

The location and activity in that market will also play a part in the Asset Manager decision to accept more than a 15% discount.

Paid off rentals perform poorly when comparied to truely hands off stock market (10%).

For estimating purposes you should plan on the lower appraisal numbers in your analysis and when you have the cost to do the project make a decision based on that. 

But before that it gives the decision up to each city/municipality to make their own rent control rules.

He trusts my decision as I know what things  he would veto and let him know any negatives before signing an offer.  

I'm just confused as to what the best business route is, in 'Rich Dad, Poor Dad' Robert Kiyosaki preaches the benefits of having a corporation, but I guess I don't really understand the benefits of LLC, Sole, and Corp in regards to Real Estate, any guidance in laymen terms would be really appreciated.2.

I DID NOT buy their coaching, but I did spend a RIDICULOUS amount of money for coaching from RICH DAD POOR DAD and from PROVISION (Tom Wheelwrights company.....

@Ben Israel It has been the best decision Ive made so far in my investing career.