What you want to focus on is the ROI for the investor and how you minimize risks.

If the answer is no, then look into wholesaling as it requires very minimal funds to start with.

Or did you mean refi into owner occ conventional and minimize/eliminate MI and then stay there a little longer then move out?

(I would also pay for the monthly rent via my savings/day job – in speaking with the owner, he said it would be a minimal amount because the property needs work).I don't know exact numbers on what the rehab will be, but I've been doing some research on the costs and am working from an average at the moment, as I look up what basic rehabs for kitchens, bathrooms, electrical, plumbing, new roof, etc. could be.

There are ways to minimize your risk.

I feel I wont be using biggerpockets again from all the doubt and harsh judgement with very minimal actual advice.

My goal is to keep my mom in her home and to minimize her monthly payments.  

My thinking is to minimize cash out of pocket to put towards other deals. 

This way it is very easy and passive for the investor.Try looking at:Out-Of-State Turnkey Investing: How to Minimize Your RisksandWhat to Ask When Working With a Turnkey Provider

On the other hand, if you are in an area where people come in and just move in, there might be some upside, but I think it will be minimal.