It is also not an option to not renovate as she came with the house when I purchased it and absolutely trashed the place. 

We recently relocated from our primary residence to a rental property ourselves (we recently welcomed a baby, and our house no longer accommodated our evolving needs).

EBR housing allows around $1,300/month for 3 bedrooms.

My initial idea was to find a house in the &150k-$200k range and flip it for $300k-&350k.

I rebuilt a house in the area a decade or so ago that had cracks in the walls that I later discovered had a 6 foot diameter bee hive in it.

Focus on analyzing properties and starting small, like house hacking or buying a single-family home to rent out rooms, while ensuring cash flow and maintaining an emergency fund.

The house is set way back at the end of a long winding driveway, the front is fully fenced for maximum privacy. 

In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.

I’m on the deed, not the loan for the current house I live in here in GA. 

Lets connect and I'm in Texas focused on asset class of Assisted Living and senior housing.