Then I switched to Nursing and graduated with a degree in nursing (and made the Dean's List)  But I have figured out that my heart still lies in the world of construction or remodelling and real estate. 

Her mother, sister, 3 children, her wife, and her wife's 3 children.

Focus on the expenses and the cash flow based on actual data (or as close as you can get) and let all the other benefits of REI be icing on the cake.Wholesaling is a world unto itself, but for buy and holds, I always recommend that investors (esp new ones) focus on B/B+ areas where folks like nurses and teachers and skilled laborers work, places regular folks want to raise families etc.

He should know that's only available for husband and wife...If the LLC is multi-member between you and your mother, it needs to be filing a 1065 and issuing K-1s, unless there's something you aren't telling us....not sure how you guys do things in Indiana...Maybe time to start shopping for a new CPA.

I was wondering if it would be wise (or stupid) to purchase a home with little down (5% or 10%), live in it for 12 months (avoid mortgage fraud) and then rent it out while living in a cheap mother in law apartment. 

Most tenants have been single mothers and report that this is somewhat scare some for them.

Heck some nurses make more than that.

Necessity is the mother of invention/creativity... 

The world thinks a lot less of my probity than it does of yours.But your response does remind me greatly of the time I submitted a paper in a nursing class that pointed out the obvious fact that that Big Pharma has minimal direct financial incentives to direct their research budgets towards finding one-time cures and maximum direct financial incentives for putting money into finding ongoing treatments for chronic diseases.I got a D with a big circle around it and a denouncement by the nursing professor with the side job in Big Pharma for being so bold as to point out how math works.

During the market crash, I new my neighborhood was full of opportunities, but as a single mother, I opted for security and never upgraded myself, nor started investing.