It sounds like your mother might enjoy being a private lender to established real estate investors.

While that does help me long term, the main point was cashout refi to take $ for home improvements, minor debt relief and eventually $ towards a down payment on another (3rd)property for my mother.

It was originally build as a mother in law property with two identical 1200sqrft 2 Bedroom/1 Bath units.

It was originally build as a mother in law property with two identical 1200sqrft 2 Bedroom/1 Bath units.

I live with my long-time boyfriend in his mothers house, he only pays $400 a month rent.

You do not want to be explaining to a jury why it took you five days to fix the AC and your tenants mother suffered heat stroke.Here is how one website presents it to the tenant:  Arizona Legal Center

@Cyndi Blalock We (my mother and I) have been purchasing foreclosures on the court house steps and also approached owners in pre-foreclosure in St Louis City and County for almost 20 years :)You can get the most accurate list from the legal local papers.

The borrower had allegedly inherited the property from her deceased mother though there wasn't a probate of record. 

His mother works as a loan officer at a large bank and has taught him the ins and outs of personal finance and saving, so thankfully he will graduate with less than $14K in student loan debt and one credit card he puts his entertainment purchases on.His goal is to buy one property per year every year from 22-30, and "graduate" at 30 to larger projects as the first eight units begin to cashflow.

My mother owns an investment property she would like to renovate here in NY but not sure if she can get the funds to do so.