They are not attending conferences that you commonly see on these forums, they are not running marketing constantly.  

They won’t even cover me if someone slips and falls inside the house, which doesn’t make sense because what does that have to do with the jacuzzi.

But the most common misconception of people starting out is that they can do "some of the work themselves" to save money.

Most likely not though.It probably makes the most sense to have her setup a Trust, if she doesn't have one yet, and then hold the note for the loan in the Trust.

The last approach is the NOI approach which is the most common way investors buy multifamily.

Considering everyone's feedback instead of renting by the room, I would either convert into a multi family or just knock down some walls to make the rooms bigger   Gotcha, this usually makes sense when 1bd/studios exceed $1500-2500/mo so rent by the bedroom is needed.

Yeah that would be crazy that makes sense.. as others have mentioned in your scenario owner carry to me is last resort give it 90 days at least. 

Not all properties that are foreclosures on are wrecks.Does the DSCR making sense for you?  

Common criteria may include, but is not limited to location, prices, property type, size of the property, or age of the property.

I feel like that wouldn’t make sense especially since the rent wouldn’t even cover half the payment if I were putting 20% down.