We stopped using bandit signs becasue it cant be a real hassle and the respone rate in my area was very low.

No property tax issues with common elements, no complex hazard insurance policy to deal with, no common area maintenance issues to deal with.  

I'm starting off as a no to low money down type investor lol with so much more to learn.

Welcome to BP @Xavier Tazanu Check out Brandon's book on Investing with no or low money down, it's a great resource on creative financing.

Profit would probably be low but anything in the green to me is great!

Take care of maintenance, property management or whatever that you can to help pay dad back.

This will not be considered toward sale price if tenant wants to execute the option.Lease : $2,000 - Fair market rent.Tax and Insurance -- Landlord responsibility.Utilities and Maintenance(Lawn) - Tenant responsibility.I appreciate your time and advice.

Early winter inventory is low and those out looking are serious buyers, so this is a great time to list.  

There's plenty of threads about buying your OWN primary this low down FHA way.

I own a couple investment properties, 5 units in total and have found the buy and hold investment route has worked out great for me here... certain areas in the city have low investment property purchase prices (50K to 70K) with high rental prices.