@Corey Goldstein Aw, come on. 

Thanks NIna Never skip out on verification of residence history and past landlord reference.Rental fraud is on the rise, and becoming easier and easier. 

As @Carl Millsap said it depends on how much more in rent you're getting compared to the costs of renovating.

Congrats - are you putting zero debt on the property? 

So hard money loan in my name, down payment and carrying costs covered by her but we still need to meet to hash out the details.

Austin and it’s surrounding is on the top three list for highest decline and short term rental revenue.

Is there strong demand for rentals and is it potentially possible to rent a room for 1500-2000 depending on the location (slightly cheaper than a studio from what I've been seeing which is how I priced my rooms in AZ)?

Jersey City is hot right now but like I tell my clients the majority of the time I can find them deals that make more sense in Essex County but that depends on the client and what their needs are along with their comfort level. 

Life has thrown you some curveballs, but you’re already on the right track by focusing on learning and planning.

I have been using 2012 QBs pro (that I piggybacked on my husband's business copy).