If your mother does not want to carry the note long term, there are GSE renovation loans that can be used for both purchase, rehab, and permanent financing all in one loan.

It was a fun realization so I thought I'd share it here.I purchased my first real rental 11 years ago off the MLS for 108k (put 20% down).

Purchase price: $205,000 Cash invested: $60,000 This was the first property I purchased.

Purchase price: $255,000 Cash invested: $51,000 Second property, bought soon after the first multi-family.

Quote from @Andrea Lucarelli: I’m interested in beginning my REI career with purchasing a SFH or condo in Cleveland area (safe neighborhood) to list as a furnished rental for travel medical professionals, supply corporate housing needs, or house temporarily displaced families for insurance companies.  

Purchase price: $185,000 Cash invested: $35,000 Sale price: $671,000This was our 3rd home.

@Mike ReynoldsSeller financing is allowable for Solo 401k purchases.

I’m in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property.

I am learning a lot about real estate and want to purchase a rental property in my area.

So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.