Might be a diamond on the rough if you can fix it up and then long-term rent.

My goal is to offer an affordable monthly payment that competes with renting a comparable property and offers a benefit to paying a bit more to "own". 

For those curious about the numbers:Purchase Price: $95,000Renovation Costs: ~$4,000ARV: ~$140,000Expected Rent: ~$1,500Thank you again for being an incredible resource.

Consider starting small by house hacking a single-family home, renting out rooms, or adding an ADU if possible.

Then rent the bigger home out using a property manager, allowing her to possibly cash flow and maintain that asset and let it continue to grow in value.Encourage her to consult with a CPA or tax attorney to explore the best strategy tailored to her situation.

Vacancy hurts a bit more, but the biggest issue with renting out large homes is turnover cost.

I learned about them from a Rent to Retirement podcast where they interviewed a former W2 FT sales guy in tech (that's me today...) turn real estate investor.

We rent apartments, so we only have one door/unit with a doorknob and dead bolt.   

One last tip look at homes for rent on Zillow.

However, on the renting side, we have seen an increase in inventory of days on market too.