Where I live in NY houses go for 600k  plus...unless you are a celebrity or born with a silver spoon or are wiling to work for 60 yers before becoming a home owner... you'll never own a house.Getting creative and using Other Peoples Money is not bad, its sophisticated and 100% valuable.

There is a state law from 2014 where municipalities cannot create new or amend previous laws regarding how long or short a homeowner can rent their property for. 

I could not verify her previous landlords as she was a homeowner and is going through a divorce.

Negotiate "transferrable purchase agreement" with homeowner, price at that 60%+/- ARV number; contract for long escrow (90 days to 6 months, as possible)3.

These will likely attract both renters looking to become homeowners and first-time buyers seeking affordable options.Target Market: Position properties to appeal to the existing rental demographic and potential homeowners by offering competitively priced, well-renovated homes.The big flip, but remember the 70% rule of flipping: 2032 Robinwood Ave, Toledo, 43620This is the type of home that would work perfectly for the demand; however, it should be converted to a multifamily property, most likely a triplex.

Get insurance lined up well before closing so now would be a good time.You need a landlord policy, slightly different (and usually cheaper) than a normal homeowners policy.I have been super happy with USAA for our rentals - if you or your parents served then you can get USAA, they are set up to work with landlords.

Most everything essential has gone up ~30%I'll tell you what's bad down here on the southern coast - Florida, louisiana etc - homeowners insurance has gone through the roof.

If she was actually residing in FL longer than PA for each of the last 6 years she's actually been breaking the law in Pennsylvania by still claiming to be a resident there (why would she do this, since FL tax and homeowner protection laws are better in FL?).

Unfortunately, we have several homeowner clients who bought with grand ideas of making lots of monthly income right away, who took the advice of a realtor wanting to make a quick commission. 

:)   This trait forces me to look harder at the tactics, vs just working my butt off making something difficult work.My view, and to be honest I have not done this, but done all the ground work, buy lists of GA home owners who are late on taxes, bulk skip trace, reiskip.com, now its a std direct mail campaign BEFORE the auction.