Having a lease in place will wipe that from her DTI if she needs approval for something else anyway. 

If I complete the buyout as current I will wipe out the majority of my savings. 

Especially with the rising age of the baby boomers, I can see a growing need for accessible housing for the elderly wanting to downsize or diminish the effort of maintaining a single family home. 

@Babi Shimonwell...with BRRRR, it's actually not at all easy to find the deals. 

The neighborhood went ballistic accusing me of killing them all and their babies.

In theory (if not practice), if the foreclosure already occurred, any liens behind the foreclosing entity were wiped out.

I recently had a baby girl and am extremely anxious about getting stuck in the rat race and not providing the life she deserves.

@Josh Nigh  12 years ago, there was a flood that wiped out 20% of the town. 

You could charge their security deposit, but it likely wipes it out leaving you with no security at all.

Even buying a $100,000 property wipes out almost everything and that's assuming you don't have to make any initial fixes/repairs.Retaining as much of your personal capital as possible should be a priority so that you can cover anything that may come up in your property or in your personal life.