Thanks  One option is I'd do a 1031 on 3136 W Thunderbird Phoenix AZ with you and carry the difference.

The current home I live in carries a 15 year mortgage that runs $1550 per month.

You could sell it cheap and see if they could let you carry the loan so she could still live there (all repairs figured into the loan) or when you discount the property you can add in extra for your Mother’s moving expenses.

Doesn't need the money and willing to carry the note.

This should save me money on my own future deals, while also helping me gain credibility within the industry and my local area as a serious real estate investor and deal maker.As for my professional background, I have been working as a freelance social media marketing strategist for 7+ years helping B2B companies generate and nurture high-quality leads on LinkedIn.

But you either have to pay in cash or owner has to carry with nothing paid the first year or two as it sounds like the property  doesn’t have any income.

A property manager will charge a fee to place new tenants there....you're also going to have to carry utilities while the home is vacant.If the tenants are happy, let them stay and enjoy the revenue while you stash that cash to be able to re-invest it into the property after they vacate. 

I had more than on contractor borrower of mine that finally figured that out got enough equity from relatives and now they are doing quite well and no way we can compete with them.but you start moving up north of 750k to purchase and unless your in the Bay area or prime LA  that does knock out a lot of competitionand you also have to remember this poster is paying CASH  HUGE difference as she has no cost of capital most of us need to borrow and if your borrowing HM which 95% have to as banks really don't service this niche ... her carrying cost ona say 700k project would eat up 20 to 30k EASY.. 

And those rules can vary lender-by-lender since they carry the paper themselves.

All NOW carry low loan balances and live in same home.