.- If you're going after a seller finance deal I think once you understand what it will take to get to a finished state its simply a matter of aligning your needs as far as short term cashflow with the current rents/situation, with the net number the seller needs after the refinance.  

I think you're in the right are for investment affordable housing .

The house is set way back at the end of a long winding driveway, the front is fully fenced for maximum privacy. 

It is also not an option to not renovate as she came with the house when I purchased it and absolutely trashed the place. 

My initial idea was to find a house in the &150k-$200k range and flip it for $300k-&350k.

In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.

@Adam Luepke - Great first house hack! 

Quote from @John Friendas: There's a house I'm considering buying with a business partner as an investment rental.

Lets connect and I'm in Texas focused on asset class of Assisted Living and senior housing.

I’m on the deed, not the loan for the current house I live in here in GA.