Ultimately you would know if you feel as though you have the capacity to quickly learn trades, implement action plans, and work with people.

In your walk through, make a decision about which tenant takes the best care of the property. 

Having a formal entity allows you to have a written agreement laying out all the decisions both of you will make and the roles you will play with regard to the properties.

Trade the credits to the developers for cash.

A few months ago I was going to buy a rental property which fell through, but then an opportunity came up today where a house that my dad bid on before seeing it (bad decision to not look first, the house was completely molded on all the walls, ceiling, and floors and has some leaking roof problems.) but he got an offer accepted for a massive low ball bid (was listed for 110K but after he notified them of all the mold they accepted his new offer of 20K, bank is in a different state.)

Transitioning from one business to another isn’t a tough decision to make if your reason is your family.

I am a welder by trade, and I have a small side business of repairs and fabrication to add to my main income.

Here are some ideas:   1) Override your property manager's decision about not raising rents. 

You can determine the NOI from a brokers marketing materials, then when it sells follow up and ask what it traded for. 

That means the HUD DE endorsed underwriter has made a credit decision.