Although she might not have the stamina/desire to be a landlord she may do better with a sale to someone like you and that person doing a rental depending on market rents.

I've got an attitude of openness and a desire to learn.

But @Mark Gagner seems to be doing well with it in TX..Regarding other "appreciation" markets, Austin has been on fire, and has some unique "hot" characteristics like the job scene, tech, desirable for young folks, location, etc.

Right now I have a home with my wife and two boys and obviously have no desire to live at another residence.

@Nicholas Lee It depends on what your desire for direct involvement, risk tolerance, and time is, but I encourage buy and hold of cash flow properties as at least part of your long term strategy.  

Historically low cap ratesHistorically high occupancy ratesHistorically high numbers of young people expressing no desire to ownHistorically low interest rates All things return to the mean.

the checking account thing was sorta a joke :)  i agree we have had good tenants w/ out checking accounts also... checking account or not it all comes down to a tenants desire to honor their bills and more importantly make paying rent there most important bill to pay. 

. $ 68,000.00closing cost $ 3,000.00Taxes           $150.00 /MoInsurance    $ 90.00/MoUtilities payed by tenantsRehab cost estimated $10,000.00Number of units 3  ( possible option for fourth unit upon approval from city)unit 1  $ 2,100.00 monthunit 2  $ 1,075      monthunit 3  $ 1,075      monthpossible unit 4  ( $700.00 month)This is the  lowest rental amount.It is walking distance to the beach and in a desirable vacation rental spot .We will run the numbers like this not for possible vacation income, but for worst case senario.Please let me know if you all have any thoughts or questions.I am interested to see what everyone comes up with ..

You are only worried about comps, repair cost, and your profit you desire.

Now, my assets available to help me purchase property and income from my current job are much much less than they were.My desire right now is to get cash flow.