His will likely be 20k or more.This is going to be a buy and hold rental, and I'm comfortable with the cashflow potential, however just looking at techniques on how to help him understand that a) his unit repairs will cost significantly more than mine which is why I was able to pay 89k for mine and cannot do the same for his and b) the alternative option for him to fix and sell will not be worthwhile.

That kind of business steals old people's social security checks and attracts bad guys, but hey, look on the bright side--at least those people won't be coming up to the Horseshoe anymore.Under limited circumstances, I think a casino is a boon for an area focused chiefly on entertainment (i.e., the Horseshoe in downtown Cleveland).

IRA stand for Individual Retirement Arrangement and are assigned to single Social Security number.

In fact if the tenant is getting regular social security, pension, or other payments they may be able to consistently pay their rent better than say a person working a seasonal job.

One some of my cheap apartments I can approve people with less especially those with social security or disability checks because they generally pay no taxes and often get other benefits that lower their cost of living (ie food tamps and "obama phones").

When I read this one to my wife, she said that here, if the kids are minors, you could call social services (child protection) as the parents are not providing proper supervision.

In general, I consider myself a social person.

Social status, preference, or what?

Tried Google and couple of "find people" sites and nothing turned up, no facebook or social networking profiles, and whatever found still showed property address which is now bank owned for over 6 months as current address.I would like to talk to him to get the inside scoop of what went on.

Both the bou and sale of the property have to take place on the same day.Again, there is much information here on this technique.