But we do not believe she can afford it.What is the best approach? 

It might be time-consuming, but the direct approach can yield surprising results, especially if homeowners are considering selling but haven’t taken the first step yet.Phone prospectingPhone prospecting is another proactive approach that requires resilience.

You can also focus on dividend growth stocks within your taxable account, as dividends can be taxed at lower rates, especially if you hold long-term.By balancing real estate with traditional investment strategies like bonds, stocks, and tax-efficient accounts, you’ll have a diversified approach that generates tax-advantaged income while minimizing risk.Let me know if you need help strategizing further or exploring real estate financing options!

I don’t know the condition of the property nor how to properly assess it considering my lack of experience – who would I approach due diligence?

In the real estate market, you must be willing to change your approach to acquisitions.

By and large, MTR residents are coming to work (or for relocation due to flood, fire or wind), and they approach finding housing with their analytical brain, not the emotional one.It's also not uncommon that the person tasked with finding accomodations for the MTR resident isn't going to be staying there at all.

Thoughts on this approach? 

Never done it either, we've been approached to lend by some investors looking to do it.The risk of insurances rates skyrocketing or simply being cut off makes it extremely difficult.You also have to consider rental demand.

This approach reveals more about the tenant’s behavior and reliability beyond simple yes or no answers.Check multiple referencesContact at least two previous landlords for a comprehensive view of the tenant’s rental history.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.