There's no dishwasher, old stove, chipping paint on radiators, broken tile in the bathroom etc.

Is the lead on the floor peeling, chipping or cracking off? 

Thank you,Chip

Here's a way to deal with the email issue that @Chip Ferguson pointed out:http://www.biggerpockets.com/forums/67/topics/117967-buying-materials-for-rehab?

I ended up doing it and it looks great (imperfect texture which looks like smooth walls with hand chipped indentations).

I think most here on BP would agree this property would have to be in an outstanding, blue chip, A+ neighborhood to accept those numbers.

Some states are deed with redemption periods.Two good books, "Profit by Investing in Real Estate Liens", by Larry Loftis and "Zero Risk Real Estate", by Chip Cummings

You may want to diversify that 500k and put 1/4 of it into a REIT index fund, a 1/4 into a nice utility index fund (both are meant to create and generate passive income with high dividends) another 1/4 in some high quality blue chip stocks like Pepsi, AT&T, Exxon Mobil and Disney - all which pay dividends as well, and lastly put the final 1/4 into a real multi family property that hopefully you can help your Mom manage.The goal is to live off the income these investments produce and NOT have to use the capital.

Hi everyone,A tenant is moving out and I noticed some damages such as dented/chipped door frame, possibly happened when he moved his furnitures in.

Once you're a felon, it's really hard to find stable employment and most end up going back to crime when the chips are low.