He givers a lot of practical advice about researching markets, building a team, and more.Personally, I think the Property Manager is the piece your success hinges on.

Ask the real estate agent, general contractor, property managers you intend to use. 

Our efficient project management ensured the renovations were completed on time and within budget.

Our efficient project management ensured the renovations were completed on time and within budget.

I manage around 400 rentals with 14 years of experience and have never been sued once.

Property manager recommends Porcelain Tile (states more durable in long term) over luxury vinyl tile/plank.  

Listen to podcasts, watch online seminars, network, find a mentor, and use software for managing properties and tools to analyze deals.Start your first investment on a small scale, like buying a single house to rent out or a small apartment building.

Our efficient project management ensured these updates were completed quickly and within budget.

However, a few things I would suggest to give you a better perspective is: 1) Talk to property management companies in the area to see if they operate in the area and/or have comments on tenants in the area, 2) Speak to a few banks to understand how they would lend on this property, 3) Scan Zillow/craigslist and other listing sites to understand the rental market for listings...

My mother-in-law is managing the state and doing some projects to get the house in better shape before going to the market.My husband and I would like to purchase the home as an investment property (rental); my mother-in-law stated that she would "discount" her part of the purchase, which means we would only pay 66% of the original price.I am trying to think of alternatives to borrowing the money.