Now she's looing at insuring it mainly as her vacay cabin, and get a separate liability policy via Proper/Lloyds of London... not even sure she can do that , but we're trying to get creative as it's very necessary. 

Since moving into another fixer-upper isn’t ideal right now, consider leveraging your $40K for a low-money-down investment, like house hacking a small multifamily or using creative financing (seller financing, subject-to, or partnerships) to avoid tying up all your capital.

Their videos consistently said that none of their investors had ever lost money.

I have free tutorial videos and a calculator I created that will help you understand it better and analyze deals to see what the cash out of pocket expense would be on every deal.

As for financing, focusing on saving while learning is smart, but also take time to research creative strategies.

It's something you will need to be creative with.

There are strategies that make the numbers work, you have to be creative. 

In fact, I’m already thinking about how to refine my understanding of DSCR loans and strategically incorporate these creative financing avenues to close deals and drive growth.Looking forward to the journey ahead!

There is a way to get creative here, I will DM you

I have watched a couple of your YouTube videos and found them extremely detailed and informative when it comes to the Milwaukee market and investing.