Everyone we have networked with says we must have skin in the game to do any kind of joint ventures/learn from them or even join a team, which we would love to do, however we basically gave our life savings to a family member to deal with a health battle.

Even if you have to sell before the 2-year mark as required by sec 121 rules because of health, work, or some unforeseen circumstances, you might still able to avoid tax.

There is a recovery/behavioral health building down there that seems to be holding the neighborhood back a bit.

I don't yet know about the health of the seller but this could be an interesting exercise even if I don't purchase.

Congratulations on the upcoming baby and hopes to great health.

Also condos can provide tenants amenities like pool, spa, fitness center, etc that a SFR may not have. 

If they're on disability and don't have a job or a large volunteer commitment and they're not obviously physically disabled, get a full confidentiality release of their mental health history so you can determine if you can cope with having them as a tenant. 

If she is unable to have a civilized conversation then maybe you need to put some showing notes in your listings to the Agents to just beware of the neighbor who suffers from some kind of mental health issue <-- not too sure if you are allowed to do this since technically I believe this is a protected class but I would maybe consult with your local real estate board.

They are getting to the point where they need around the clock care and need to sell their house  where they lived to help pay for the health care and living expenses .  

Are you wanting students that are aging out of foster care or people with mental health issues or seniors or... there are lots of options but I’d be nervous about why it’s vacant and being foreclosed.