This compensation would fortunately not be subjected to SS or Medicare taxes, which is a plus- as long as you have health plan available in your company (doesn't have to be available to all employees- as long as it's available to a certain class).

Always important to know the neighborhood, developments, and if you are fortunate enough the neighbors themselves. 

Fortunately, but for the "my mom" case, I have head all off.I must give them too much credit in assuming that if you have an animal, your selection will be limited, just like a smoker.

(Fortunately I wasn't in that notable crowd, but it doesn't mean I won't be in the next one if I'm not careful about how I continue to buy properties.)

Fortunately through experience and research, I've gained a decent knowledge of general construction prices. 

@Anthony Gayden lots of wealthy people don't donate the bulk of their fortune to their family.

Also I am an agent in another state as well so anything I say may be of zero use to anyone and should be treated with similar value as one would take from a fortune cookie, a ZOLTAR machine or a magic 8 ball.That being said, was that your agent or theirs?

Also with the 4 existing properties they are all section 8 so we haven't had experience with non payments and have been fortunate with tenants who have appreciated the rehabbed properties. 

We are fortunate that our city has guidelines for this, and we were able to just buy the permit and do the work ourselves.We list this house in 2 weeks for 129.9k.

But I was curious to see if anyone had good fortune with it.