So my grandmother is 80 years old and just stopped working officially last week.She owns a home and stills pays a mortgage on the property and since shes no longer working,does not have the means to pay her mortgage any more.I currently live with her and told her i wouldnt mind paying the full mortgage costs and all the bills that entail in owning a home but i would like to be a co-owner and when she passes the sole owner of the property.The house has been appraised at around 400 thousand and she owes currently about 225 thousand.I wanna know what options i have that maybe i havent heard of or seen,any insight or ideas are greatly appreciated.Thanks in advance,Alex.

A couple of things to keep in mind on your first rental property would be:1. 

Otherwise, all is fair in my mind.

@Brian LeskoWithout looking at property, these are just a few that come to mind, of course some of these are a bit to soon to ask during a showing and even the realtor may not be prepared or know the answers to these, but eventually if you want to proceed with this property you should definitely get answers to these:How long have current Tenants been there?

@Tyler Weinrich I'm looking for other potential local finance sources that are a bit more aggressive as well if you wouldn't mind sharing.

Keep in mind, you may trigger the due on sale clause.

Keep in mind that the more invested you are in this project mentally, the more energy there will be put into the renovations the tenant placement in the management.

Real estate has always been in the back of my mind, but between finishing grad school and starting a family, REI was just not on the radar. 

Do you mind explaining some ways you go about finding some of these opportunities?

Matthew Jurica I will be grateful forever that Dave Ramsey's book pushed me to get out of debt and get my finances right.Keeping that in mind, I found myself lost when he encourages to invest in the stock market.