Quote from @Sean Barnebey: This is an interesting opportunity, and it sounds like you’re approaching it wisely by considering the numbers carefully.

@Josh Smith just like any rental property you buy, manage, rehab, etc. nobody cares as much about your bottom line as you do.

Are there other more creative ways to start cash flowing in year one Be careful because federal mortgage fraud and going to jail is a real thing.

I have to pressure them to take care of it. 

Im not an SEC attorney but I would think you would have to be careful doing this.  

Further, people committing to a rental for 6 months or more tend to treat the furnishings with much more care than the 30 day stay tenant. 

Thanks for the care and detail you put into your posts on self storage.

(To avoid months of probate and thousands if not $10’s of thousands of dollars in costs.)Hawaii is considered a "TOD deed state," meaning that residents can utilize Transfer on Death (TOD) deeds to designate beneficiaries who will inherit their property upon their death, allowing for a potential bypass of probate court proceedings.If she is already in memory care center.

Before purchasing a rental property carefully evaluate the appreciation potential.

I’d be very careful about who you replace this tenant with.