The cause of the 2008-2010 Great Recession was bad real estate loans - if you could fog  a mirror, you could get a mortgage!

An eviction will make it challenging for her ever to find a quality rental in low vacancy areas.  

I plan on doing most the renovations myself which requires equipment (such as tools).

----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I usually try to get 10k but sometimes its not possible and I would prefer to make something and give the investor a good deal rather than make nothing trying to move a bad deal.

One incredibly important question, how are the reviews from the current listing and is there anything with the existing furniture that would give you a bad review?

Clearly I can’t sue someone that’s actually ill, I was questioning, but feel bad about that now.

Anticipate an emphasis on quality over quantity in terms of reconstruction materials and housing footprint.

As a licensed contractor and real estate agent, I can review your estimates, ask the questions you might not know to ask, and help you make an informed decision that balances cost with quality.

Not a bad return.