I guarantee your life would be so much better if you removed her and replaced her with a good renter.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

We are in both of those markets for fix and flips & buy and holds.

And even if they do, they have to be fairly motivated to be willing to do so (even if you've built rapport and all that good stuff).If they are motivated, usually that means the property needs work and they almost certainly won't lend over and above what you buy the property for.

Buying a large new build home can also work well as a house hack as you can charge a premium rent, and generally most bedrooms built now a days have en suites (at least in my market).  

If you are just starting out, this is for you:When you buy an investment property, it is treated differently than a house you are going to live in. 

You are generally going to either buy it at 95% of value or what is owed, which ever is lower. 

Quote from @Luis Herna: Let say I am a licensed real estate agent in oklahoma and there is one buyer in new York wanting to buy a property in Texas.

With pulling out your equity (or selling), you can diversify and buy more.I did sell one of my places and used that money to buy two others. 

Or buying opportunities if the bottom is reached soon.

Quote from @Jaron Walling: @Kane Spangler There's a since of pressure to build or buy RE in your post.