opportunity for my first deal!

[Shawn Munoz]

Hey, 

I have recently been presented with an opportunity but i need help on how to go about it. I have been listening to the podcasts and learning a lot. I am moving out next month into my own home and I am going to need the extra income so i feel like i should get started in investing. I decided to speak to my mothers landlord. We talk often and he explained to  me how he wants to get out of the  business because he is ready to retire. He offered to teach me what he can if i was interested in buying the house my mom is now renting. He wants to meet this weekend and give me details and show me numbers. 

First off, is it a good idea to get involved in a place where my mother lives? it is a section 8 so i won't collect full rent from her. Also, what are some questions i should ask him when we meet to make sure this is a solid deal for me. 

It is a 5 bedroom that is renting for 1,300. He's willing to sell the house for $100,000 and the value of the home is about $120,000 in my opinion.