The area my mom lives in is like this.

Included in the numbers I put in the reportManagement costs seem high at 11% so you may have some of this baked in.

If after going through all of those threads you are still up for it real estate investing is really an awesome business to be in.

From what I've heard, the 12 months live-in is still a requirement but I'm not sure what restrictions on rinse/repeat there are so I'll look into that.

My issue is now determining what depreciation bucket to put each item in.  

It's a great city for Investors as typically the buy-in is more conducive than other cities.

Nothing sketchy lol Follow the math:Your money in versus money coming to you.Her money in is a plus to you...that's income.Your money out is a negative to you...that's a cost.Putting your money (cash) into the principle is nothing more than a location change for those funds. 

Maybe you can't guard against everything, but done properly your capex reserves - which, for me, is just all the extra money put aside since I live on way less than I bring in - is invested in index funds, or maybe other real estate, or something else, that is outstripping those inflation numbers.

I thought I wanted to do live in fix and flips so I bought my first foreclosed house back in 2015 and have been living in it as soon as it was habitable and slowly finishing it off (emphasis on slowly, my Dad warned me I would never get it finished once I moved in!)

@Fred Ewert I am in a similar situation down here in Muncie, IN.