Whether you’re targeting strong cash flow or long-term appreciation, understanding the dynamics of each neighborhood is key.

My long term rentals are located in SC, also in a city, and they play a big role in the numbers.

If she lives rent-free, you retain control of the property but lose the ability to claim rental-related deductions.For long-term planning, consult a CPA and attorney to ensure compliance with tax rules and align ownership structure with your goals, including potential conversion to a rental or estate planning considerations.

Out of pocket, it is at least $1000 a year but I think it is worth it in the long run.

As long as he is making his payments according to our contract, he remains legally responsible.

I'm not familiar with your market, but here are some thoughts:750 Sq ft is small for a 3/1.Interior looks like a flip but it seems like it has been owned by the sellers for a long time...so maybe not.They have been trying to sell this property for 6 months and have reduced price. 

There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

Why do you think purchase contracts are so long and have such small print?

It was held by the previous owner for a very long time, so I wouldn't be surprised if some basic facts about the house are incorrect.

Not blowing off their communications and things like that go a long way.