The issue of 1 person in FL, another in TX, that's just this modern world of remote location for workers because reality is they don't need to all be physically sitting in a cubicle in CA to do there work. 

Personally, I would pass.  

Mentors for me have come in the form of friendships over time, but honestly, most of them were made at an IN-PERSON MEETUP....there is something about physical energy that makes a huge difference.Happy to connect to share some of my experiences!

it was vicious.what I liked coming out of this was so many that were bought with cash those folks don't lose houses.. and if someone is buying in this model I personally feel they need at least 10 to 15k in reserves on a hand to sustain a bad tenant run. the negative cash flow folks were CA  NV  AZ FLA  ..

For me, personally, it's areas that are landlord basic to friendly, strong industry growth or potential growth, and personally I trade/buy/invest in houses that I see inventory pick up but the fundamentals stick meaning it's a great area.

Personally, I’d avoid California.

Personal opinion.. a couple restaurants/bars, a general convenience store, and a CVS/Rite-Aid would make a huge difference to foot traffic and a neighborhood feel. 

And I do like the idea of bucking the trend, being a little contrarian, etc.If you haven't already done so, I'd recommend attending an upcoming RI Real Estate Investors Group meeting, which meets monthly in person for members and monthly virtually for members and non-members.

Remind her that the place was rented as is for $1200 and that only one person can be living in it. 

But from personal experience, your penalties and taxes on early withdrawing from any IRA or 401K can total from 35 to up to 50 percent.