We have enough capital now to purchase a property and and we are blessed to have capital left over every month as well, which we typically invest in CDs.Here are our current options: 1-Buy a turnkey place that has nothing to do with mom for cash flow of $200-300/month plus potential appreciation, overall ROI of 15-20% 2- Ask mom if she would move closer to us in San Diego, buy a small place here, have zero cashflow but at least we have another property in a great appreciating market and are no longer spending the $800 on her rent3- Buy a place for her in Orlando, same scenario as above but obviously a lesser mortgage since its FL and not CAWe found a great turnkey company we liked so if we do option one I think we will use them, but it just feels like if we do that we will still be tossing away what we currently pay on her rent. 

Thus, the cost of doing business requires and demands that the PM company charge more and various fees just to stay in business--never mind making healthy profit. 

Have you talked to your insurance company?

We have a company that buys Non-Performing Loans and, as a secured creditor, we love seeing BK paperwork.

-Decide between fixer-uppers, which offer customization and appreciation potential but require more work, or turn-key properties, which provide immediate rental income with minimal effort.Hiring a Property Manager:-A property management company ensures efficient marketing, tenant screening, rent collection, and maintenance.

The insurance company allows an additional 25% increase in cost; but we all know after a hurricane it will most likely be way more than 25%

Yeah one of the mailer companies I talked to was telling me it takes about 1000 letters to get anything (rei print mail), they were pricey to for just being postcards. 

@Cameron Daste15 or 30 year mortgage it won't make a difference. if you buy the house for $200K and have a down payment of $50K then your loan is $150K. after renovations you sell the house for $250K then the title company pays off your old note (loan) for you and then you get a check for the $100K

https://www.homedepot.com/p/GE-4-2-cu-ft-White-Commercial-To...Looking at option to purchase laundry machines for a multifamily building rather than leasing them through a company.

I have narrowed it down to RP Capitol (Ron Phillips) and Memphis invest as turnkey/semi turnkey companies.