However, looks like there is a harsh line as far as what locals can afford and if you go over that, vacancy is high.Watertown, NY- I’ve seen many great multi-family properties in the low to mid 100s.

Don't over crowd your place though.

When you say as long as its not directly in flight path, meaning - when plane flies over the house?

I see that you recommend NOT having my mom deed the house over to me in order to borrow against it.

I plan to use it as a rental property, but I'm concerned about the location—Bullhead City, Arizona.

We as the lender are tasked with estimating countless figures for customers even though the lender has very little control over most of the figures. 

They will let you know what you can and can't do without a permit and what you are able to do yourself within the scopes of those permits.My concern is because this is a rental, if you do anything that is not to code and the tenant reports it, you will likely have some much bigger issues to deal with.Given you note this is major rehab, I tend to lean to hire most, if not all, out. 

If over that amount, she must file a gift tax return, though no tax is owed unless her lifetime exemption is exceeded.

We have grossed $300k in revenue over the first 12 months of operation, at a ~50% profit margin.

I’ve had concerns about the crime rates so I’m trying to only buy in the better sides of town.