Over 400 new jobs with more to come in future years.  30 miles from new vehicle manufacturer.  17 miles from I-26/I-95 interchange. 

(Actually this is good news for us as rental accommodation providers)They are staying longer their parents and latest stats are pretty telling We are facing a generation of “pay as you go” ( No loans, ties or long term commitments)- Amazon prime and Netflix (instead cable) - CoOp vehicles / sharing (instead loans or leases)- House and vacation home sharingI see this new reality as an opportunity, but what’s your take on it ?

The cops know his vehicle.   

As for strategies, you can eliminate flipping, wholesaling, development as they are jobs and not cashflow vehicles.48K a year in cashflow on 400K investment, so that's a 12% cash on cash return. 

@Stephanie ChoiCongratulations on the condo purchase.BRRRR is Buy, Rehab, Rent, Refinance, Repeat - With that said since you are holding onto the property and expecting significant appreciation to occur - you do not want to hold it within a corporate vehicle(C or S).WIth that said - you likely want to hold it in an LLC; but you should consult an attorney prior to doing so.If you and your boyfriend are not married, the LLC will be required to file a partnership return since it has 2 members.

In any investment vehicle...real estate, bonds, dividends, this is a fundamental rule in investing.

@Matt K. agree on the car. my vehicle is paid off however I know it's a ticking time bomb before needing a repair.

At this point, the property feels like a forced savings vehicle for me.

Dave Ramsey and others like him are delightful and great starting points, but you will hopefully slowly graduate to more nuanced literature that teaches you how to employ more complex concepts and financial vehicles.

For example if the inheritance is in the form of a diversified stock portfolio consisting of blue chip stocks being managed by a trusted brokerage, she should leave it there and if anything divert dividend payments only to other investment vehicles she prefers or to pay off high interest debt, but not touch the principle.