In addition, the neighborhood did not seem to be great.

If you've lived in your town or city for 5 or 10 or 20 years, you will know things about it I can never know and thus you have a distinct advantage over me when it comes to investing - you know what a good price is, what a bad neighborhood is, what house looks good on paper but is underneath the airport flight path, and so on. 

I'm glad to hear you've got an interest in providing AH, but have you researched any S8 properties in your market or walked the neighborhoods where those properties are located?

.- We have busy but well paying jobs and don't like to spend time in building sweat equity (BRRR, flip), so will take a slightly low maintenance approach and buy relatively newer properties in B class neighborhoods and use property management for day-to-day operations.Goal:- To get to $10K/month net profits with real-estate (today's currency) in 15 years when we plan to retire.

I flip rentals as a primary and do it in pretty high volume & use any spare revenue not reinvested in this business to buy very high yield stable MFR in working class neighborhoods.

Some of the applicants have been from 100 to 200 miles away and thing the units are in their neighborhood.

It suggests neighborhood analysis, market research, exit strategy, and VA benefits.Good luck!

She could have chosen a much cheaper solution, like go to a coffee shop.

They are a private company so you will never see the financials and have no idea how strong or weak that actual warranty really is.As to the funds I mention, yes there are a few, some right in your neighborhood that lend to performing borrowers, have also paid consistent monthly returns, all 1st trust deeds, shorter lockup, etc. 

It is a very block by block city depending on the neighborhood.