@Rob CucuglielloYou should not expect to sort out your multi-layered situation in an online forum.

Seems like you know the answer and need confirmation (and I am typing this from a 3/2 beach block condo in Wildwood Crest.)At 25% down purchase, even renting 12-14 weeks you would negative cash flow $3-5k month when you consider the many layers of expenses and the current rate environment.

That said, if she's claiming she still owns the place, there might be an extra layer of complication if she can prove her claims and/or hires an attorney herself. 

Your standing here, hocky mask n gloves on, bragging about the giant bag of loot slung over your shoulder how ya just robbed the landlord's for 20%..... 

For a while now, I had layered in Stessa.com for finances: expense management, tax prep, reporting, etc.

The product appears to be more than just a coating as it goes on in some depth, then hardens into a seamless layer. 

Couple that with an interest-only note to lighten the immediate-term financial burden of the investment, we are really looking at an interesting long-term phenomenon.Now if we are to layer in a light "face-lift" into the equation, we could walk into 10-20%+ equity out of the gate.

Layer in any aspects of buying anything that may involve an ADU or you float up to FHA 2-4 and separation will happen with experienced lenders.

Worse case, they might try to come after assets of the entity, but even then, that's another layer between you and the lender. 

I now run several real estate and related businesses and am loving every minute of it…except for the mask mandate rules that change as fast as the weather.