I talk to investors on a weekly basis who are having success in LB.Belmont Heights, Los Altos, Alamitos Heights, California Heights, Bixby Knolls, and Lakewood Village are all neighborhoods were you can find the "cookie cutter" type of flips that would be suitable for a newbie. 

I choose only to allow small pets because it attracts quote a few more interested applicants who have trouble finding a suitable rental while side stepping the whole issue of dangerous dog breeds. 

Biggerpockets website is a suitable place to earn more knowledge about the real estate business.

You'll do fine if you have a suitable property with the proper updates.

You'll have a tough time getting a loan for a property that you couldn't pay the mortgage on while still w/o tenants.Bigger problem might be finding a suitable lot and getting the permits.

Based on the current condition of the market, this is the best/ most suitable deal I can find within my criteria. 

Sometimes the partial 1031 Exchange is not intentional, but just happens because you can't find suitable replacement property during your 45 calendar day deadline, which is O.K.  

The basic fact is that every landlord discriminates in selecting the most suitable applicant but it is not necessarily a violation of fair housing standards. 

Based on what I am seeing, $500k is quite a reasonable price for a 4~5 bedroom house in good condition, in an area suitable for STR. 

Personally if she is a good tennant i would try and find a suitable property that is more affordable if i were to evict her.