@Marc Rice I’m not in your area but would encourage you to check with your local credit unions.

He'd have you eating rice and beans and putting budgeted cash into envelopes, but it's up to you how deep you want to go with it.Hard for anybody to give you solid advice without knowing your situation fully, but I think all can agree that your proposed plan comes with too much risk for your mother.

@Doran Rice -  Woah there!!! 

Getting Cash Buyers and owner financing Buyers is not that hard.Without private lender money and joint venture money you really can't do real estateGoogle "TRUST.ETC private lender concept"Buy the book by Patrick Rice on Amazon called "iRA Wealth"Center of influence marketing works well, I hand that book  to CPAs and financial plannersYou can use that book to create a PowerPoint presentationBe careful of SEC rules on marketing a securityOne my favorite sayings is, "don't diversify your investments and Wall Street, diversify by having some money in Wall Street and some money in Main Street, do you want something crazy issue in China or the price of oil to drop your mutual funds by 20%? 

We stay on them like white on rice during a evection to be sure they get out.

@Joshua Rice what would be the benefit of laying a foundation?

I don't know a ton about the CLE market but I do know that @Marc Rice is spot on, the neighborhood is crucial.

Bugs are attracted to sugars and proteins: check for cleanliness in kitchen and bathroom (proteins around the toilet).

OP- If you guys plan on having a family, or even health insurance for yourselves, I’d plan on way more than $4k/month if you want to eat more than rice and beans.

@Marc Rice would that be considered wholesaling?