I am asking for any guidance on what else to look into for MTR to make sure this is the right decision for my mother-in-laws property.I appreciate your time reading my post and answering my questions!

Here are a few to watch out for:Property Condition: Most distressed properties need extensive repairs or renovations, which add to your initial investment.Competitive Market: With Phoenix's popularity among investors, competition for the best deals can be intense.Complex Deals: Foreclosures, auctions, or short sales are much more complicated compared to regular real estate transactions and usually require specialized knowledge.Tips to Successfully Navigate the MarketDo Your Research: Understand the local market conditions, including neighborhood trends, property values, and potential rental income.Build a Strong Network: Work with professionals who specialize in distressed properties-such as brokers, contractors, and legal experts-to make the best decisions.Assess Costs Carefully: Factor in the cost of repairs, holding costs, and any potential financing issues when evaluating a property’s profitability.Be Patient: Finding the right distressed property takes time.

.- Appliances, same than flooring.Remember that in real estate everything is negotiable, and during the option period you have the unrestricted right to exit the deal.

I agree with Andrew, if you do this right.  

be smart make the right choice

Sherman or perhaps between McKinney and Sherman.SaginawBurlesonCertain other locations if you can find the right rent/price.

They loved it because they got some play money right away and steady income each month without having to deal with toilets and tenants.

Quote from @John Warren: @Delroy Watson I would check to see if you can do this the "right" way and make it an ADU.

Why have an appreciating asset out of state go right into the landlord's pocket here?

I think you might be right that now (soon) is that time, though.