I’m a real estate broker, Investor, and property manager in Lee County.

The only other options I can see are A) your mom partnering with you rather then selling the property to you - you become 50% owner and bring the funds and management to the rental while she provides the existing equity as her contribution; or B) your mom lending you the rehab cash out of her personal funds while also seller financing the house to you. 

Hi everyone,I’m a Real Estate Advisor for a company that provides turn-key investment properties for investors who want to own assets but prefer to avoid the day-to-day management.

I'm always surprised how expensive Portsmouth is by comparison.May I ask how much you plan to DIY the property management? 

TYI still know property managers who swear by them.

Do you manage the finances of your lawn care business yourself, or do you have someone that helps you, particularly when you're trying to forecast your numbers?

I am also willing to work for a more experienced investor or property management company in any capacity, be that market research, deal sourcing, property management assistance, rental optimization, or anything else needed.

If you're a relatively new multifamily operator, you'll likely be required to hire a professional management company (inexperienced owners are typically not allowed to self manage the assets).

One way to maximize your rental revenue is talking with Property Managers in your market to get a rental analysis to see if you are maximizing the amount of rent you are getting from each unit. 

I did as she asked and managed to book 6 of the 14 nights she had cancelled.