Be sure you contact the county first to verify if you are allowed to operate as a STR in the area you own.

Hello Christopher,I'm currently in Florida, but I'm quite familiar with the Phoenix area and especially house hacking.

In Maryland you get a 0.25% discount on recordation taxes if you are a first time home buyer. 

Here are a couple options I am thinking - 1.

Specifically I will look into the following:- Legal- Tax Rules- Network + Friends + Connections- Language Barriers- Payment Transactions and Recourse for Fraud- General/customary behavior among vendors and contractors in the area (good and bad)

In Chattanooga or surrounding areas of Chatt?

The answer to this question will take into account your mother's goals on how the money needs to work, transition plans in the future, risk tolerance, asset segment preferences (retail, industrial, MF, self-storage, etc.), and many other factors.

Theres a foreclosure in an area that appreciates really well.

I think your estimations are a little high.

Bought a new construction in a very hot area (both temperature and housing market).