Balance: $26K  2/1 990 sqft 0.5 acre. 

That way it balances.  

Even if the value were to decline significantly and the balance of the loan is greater than the value. 

(a) Anyone entitled and desiring to redeem real estate under the provisions of this article must also pay or tender to the purchaser or his or her transferee the purchase price paid at the sale, with interest at the rate allowed to be charged on money judgments as set forth in Section 8-8-10 (as it is now or hereinafter may be amended), and all other lawful charges, also with interest as aforesaid; lawful charges are the following:(1) Permanent improvements as prescribed herein.(2) Taxes paid or assessed.(3) All insurance premiums paid or owed by the purchaser.(4) Any other valid lien or encumbrance paid or owned by such purchaser or his or her transferee or if the redeeming party is a judgment creditor or junior mortgagee or any transferee thereof, then all recorded judgments, recorded mortgages and recorded liens having a higher priority in existence at the time of sale which are revived under Section 6-5-248(c).If the redemption is made from a person who at the time of redemption owned the debt for which the property was sold, the redemptioner must also pay any balance due on the debt, with interest as aforesaid thereon to date.(5) Mortgagees of the purchaser, or their transferees, are considered transferees of the purchaser, and a party redeeming must pay all mortgages made by the purchaser or his or her transferee on the land to the extent of the purchase price.If the purchaser's mortgages do not exceed the amount of the purchase price, the balance must be paid to the purchaser.

There is no mention of the loan balance, just the rate and payment (I did the math on $513 / mo - if it's principal and interest only the loan balance would be $92,900 - so I suspect you're quoting a PITI payment). 

It might be worth looking into specialized insurance providers that cater more to investors with rental portfolios, as they usually understand the nuances of long-term investing and tend to be more flexible.Also, if you're investing in certain markets, like Indianapolis, where property values are lower, you can sometimes balance these insurance hiccups with much better returns on your investments.

However, my mother is asking me to visit her to help with some matters, and I'm struggling to balance both responsibilities.My property needs some work to be rental-ready, and I want to make sure it's done properly to attract good tenants and maximize rental income.

Bought the first property for $182k, currently worth about $245k, with a mortgage balance around $163k.Financing: Unsure about options.

We just started using Baselane, and perhaps we could lean on that more to be able to track the expenses, categorize them per property/per tenant/mark as 'tenant expense'/mark as 'tenant reimbursed' or 'tenant unreimbursed', and then create a security deposit balance report, that would pull everything together.I'm just looking for advice from someone that has already figured out a simple and standard way to handle this.

The borrower can pay off the remaining principal balance, unpaid interest earned, legal fees, etc.