Her last deal she had a claim on the HVAC was leaking.

This was a very very good post and honest.. not one of those, well if you look hard enough you'll find a great deal.. no not in today's market.  

What made you interested in investing in this type of deal?

This approach does not work on every deal, but if they are doing 1 out of 3-5 deals like this, it really helps the fix & flipper to develop long term wealth, rather than just chasing the next deal for chunks of money. 

If you find a good deal someone will take it.

We plan to come back live in it the other 6 months, fix it up more, repeat that process until we can find another deal that makes sense for us. 

If local sales support the new value then you should not have to deal with the seasoning requirement.

Sometimes a deal looks great because the investor doesn't add management costs of either money or the time that it will take to manage the property. 

In a market like this you will get in the way of obvious appreciation.Then you can look for a deal that cash flows in your favorite market market. 

@Enrique Toledo  Any update on this potential deal and what you wound up doing?