i say that not to discourage you, but so that you have a realistic picture of what to expect.as @Travis Timmons alluded to, you need to be in a strong financial position to even think about starting to invest. 

Best advice: don't get emotional about a deal.Found first deal on MLS, but have found stuff on FB, Nextdoor app, and even yard signs! 

The primary home isn't cash flowing (as we live in it), and would MAYBE break even if we were to rent it, but the Truckee home does cash flow a little.  

People even do this in Vancouver though it must be extremely challenging.  

Yes, even I think some of these regulations go too far here in Colorado. 

Many carriers are including exclusions for GC commercial general liability coverage and professional liability coverage for engagements involving condos and even stricter exclusions when dealing with conversions.

If so, you may be able to wholesale the property to someone (perhaps even someone in one of those $400,000 houses) in such a way that you and your grandmother come out whole.

Heck, I didn't even want to make it about SEO.

Not considering it will take years of perfect rental with no vacancy or capex just to “break even” with where they are today. 

Miraculously, I didn’t lose my shirt, but I broke even on one house and, due to other circumstances, had to walk away from another.