There are some headwinds here where if you're stretching to buy a home, I'd consider renting that buying. 

If you stretch a year here and there I'm old enough to be his grandma and he's right about our generation not keeping up, the tech and the language around it are changing at light speed and we need to stay on top of it to be successful.

I feel like its a lot of house to consider myself, but theres only about 7 homes on this stretch of waterfront, without knowing the area, I'm telling you wonderful people on BP, the opportunity probably does not come up again for a long time to buy a house like this as stated earlier most of these homes stay in the family or get sold without hitting the market.  

A lot of appraisers will try and make the numbers work, if they are not too far of a stretch and we were hoping that would work in our favor.

Most Investors are all about leverage OPM(other people money), refinancing loans pulling value out, increasing debt, and stretching that money out to more properties and scaling up. while others are more interested in being debt free, actually owning the home(instead of the bank owning it), etc.

Here is a thought (although it may be a stretch).

I think you may want to pay down debt and save up a sizable downpayment first as it sounds like you may be stretched thin.

And if she's gone for long stretches, a pipe could legitimately burst or something, and you'd be happy you checked.That being said, if she's such a great tenant, maybe install a wifi thermostat for her, so she can do that herself remotely.

We completed a remodel in our home adding 3 bedrooms and a shower to a half bath.I get this is probably a stretch but for the electrical work pretty much all of it can be easily traced through the attic the only thing that is concealed is the wire drop to the outlets and switches that were installed.

Can you actually get $1,500 a month in rent, or are you stretching it?