All this has done is sped up the replacement which I was planning for this spring so it didn't really impact my planning.

Located in California but that doesn’t impact their service.

The problem I am highlighting has already negatively impacted everyone in the complex.

Some of the areas fall into East Cleveland Schools, which can have a significant impact on value and rents.

You'll save on legal fees setting up the LLCs, annual reports for the LLC, insurance discounts possibly, having 2 umbrella policies - one for personal and one for parent LLC, and the biggest impact could be on financing options that change when a property is in an LLC - it then becomes commercial loans at a higher rate etc.   

It needs new electric, roof, and impact windows and doors.

If he finances the loan, he gets a monthly paycheck that he can spend and he's only taxed on the amount he receives.if he wants a big chunk now for a vacation or to buy a sports car or just to feel good, figure out how much he needs and try to negotiate a large down-payment and then finance the remainder.Recommend a couple options and then ask him to talk to his CPA and see how each option would impact him, how much he would save, and how much he would earn.

Gotta let overdoses, intruders, prostitutes, dead bodies and other things like that slide off.

As a club, we've traditionally focused on recruiting with large-scale commercial real estate firms, but we think there's a lingering interest by many in our student body wanting to learn more about how to become a successful real estate investor and build wealth, rather than focus on the "corporate" aspect of the business. 

(If current value is $120k, then make sure your Dad talks to a tax professional about potential impact - there might be no impact, but it depends on his situation)How long do you expect repairs to take - days, weeks, months?