Look for disputes about rentals, extra fees, restrictions on rentals.My best .02 tip is get on the board or get involved (I was President of 2; VP of 1)... you learn a bit about larger scale property management and can counter the absentee landlord perception. 

His out of pocket will be zero or close to it because if he elects to have an escrow account he will get a refund from his old escrow account that ballpark offsets the cost of funding the new one, and he's going to skip a mortgage payment due to refinancing in any case. 

There is a possibly of rework by a contractor due to mech, plumbing and elect not installed per code. 

The president election is most likely going to require the FED to lower rates...Yes, I said lower rates.

@Barrett Bridgewater My current properties are actually not in FEMA designated flood zones, but I elect to have flood insurance simply for peace of mind. 

In a lot of cases, it's second to the president of the company in compensation. 

Welcome to BPThere are betters ways to introduce yourself than the headline you've elected to use. 

Also, if there are a number of board members that can be elected, he can't fill all of the seats, so you would be on the board and privy to and able to make certain decisions that he would be bound to follow.

Perhaps there are electives related to real estate you can take for credit towards your degree.You might be able to combine your interests later in life.

($50 filing fee, no annual reports, no annual fees)2) what benefits are you seeing by electing a C-Corp as your tax status?