Pay her through escrow a sum that clears the backlog plus whatever she needs to move out, pay a monthly lease equal to her combined payments on all debt and include that you have the right to do the rehab.

The combination of the 2 units bring $1040 in rental income.

A combination of learning from BP and the local Coastal Carolina REIA my wife and I have been able to buy some investment properties in Wilmington over the last 8 1/2 years.

You can then refinance at 80% LTV and "pull out" the $60,000 combined purchase price and rehab and go do the same thing again, and again, and again. 

@Michael Ealy I think I am the one who combines several if the factors you mentioned.

The heloc will go up to a certain amount of combined loan to value - LTV, let's say 75%, so you get another 50k on a line.

You see I’ve always had a way with numbers and a good head for business (at least I think I do), and I figured RE investing would be right up my alley.Through a combination of BP’s calc and my own spreadsheet, I was analyzing dozens and dozens of deal and was finding some great results, at least on paper right?

For example using easy #s, if I'm considering offering $100K for a 4-plex and the 4 existing tenants have combined security deposits totaling $4k, should I offer $96k, making an allowance that I (as the future owner) will have this liability?

I may have gotten lucky (combined with working my a-- off to find deals), but I'm happy with them.

You can often find a coupon and combine it with the sales that occur around holidays.