There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

They didn't pay for it, so they don't take care of it like an owner.Before you make assumptions about costs based on a seller's contribution to improvements, find out what they improved? 

I don't believe this is a good deal, especially with you just getting started. sharks are everywhere, especially in real estate. get a few more (at least 3) other hard money lenders or look into house hacking with 3% down. take care.

Quote from @Jason Burkart: Quote from @Theresa Harris: Whatever you do, I'd keep it in your name if you are the one paying for it, in part for some of the reasons others mentioned (if at some point she goes into a retirement home and needs to use her assets to pay for care).Are you able to pay for her home for 10-20 years? 

I would be very careful in working with a 1031 Exchange Qualified Intermediary that provides ("sells"0 replacement property solutions as part of their services. 

That is an easy way to get a Fair Housing Violation case.Lastly, why do you care who is looking at the property?

., mortgage interest and property taxes) requires careful allocation.

Dependable routine maintenance is a part of this property with a full time team on site at the villa. 

I think it speaks volumes regarding your care to the situation the heir is involved in.

Careful in the Stock Market, seems great on it's upward trajectory however...