Hi Jean,Stock it with fish and have fun fishing all summer.Plant wild rice and maybe Ducks will show up--beautiful creatures to watch, and some people hunt them.Build a dock and toss in a small row boat....for romantic evening rides and something for the kids to play with.[1]>>> Have it tested for chemicals...some of these ponds have a years of farm runoff in them--pesticides and manure--it would be a shame if it's toxic.[2]>>> See if the sides go straight down (like a farmer scraped it out for whatever reason) and it would be dangerous vs. like a beach.Good Luck!

Kurt's company Chroma Property Management has a good reputation in the area so don't discount his recommendation. 

But the difference between the true discount for being a coop ( unpopular ownership type) and the closing of the discount for condo ownership will be a windfall gain, less legal, accounting ,marketing and other conversion fees.

The advantage of not having her own the property is if down the road she needs care it is income to her and not a straight asset.

I'd be careful with that advice.4-Lastly, there is NO LIMIT on the number of homes you have financed if the home you are financing is your primary residence, conventional guidelines only limit  Second home or Investment properties to 10 financed properties.In short, you should be good with either FHA or Conventional loans in your case.Here's the guideline straight from Fannie Mae https://selling-guide.fanniema...Limits on the Number of Financed PropertiesThe following table describes the limits that apply to the number of financed properties a borrower may have.Subject Property OccupancyTransactionMaximum Number of Financed PropertiesPrincipal residenceTransactions other than HomeReady loansNo limitPrincipal residenceHomeReady loansDU and manually underwritten - 2Second home or Investment propertyAllDU - 10Exception: High LTV refinance loans are exempt from the multiple financed property policies.

Held for 6 months or so - straight flip.2426 Golfview St - Lakeland, FL - bought for $50k, sold for $162k.  

If you have discounts to your taxes due to age or other status if they would still be valid.

There are plenty of smaller, more private management companies out there that would be happy to manage a duplex for you but don't expect a discount until you start to scale. 

He can probably get discounts on materials and how much extra time would it involve for both of you if he needs you to get the materials every time and if you get the wrong stuff.

Most are straight remodels or tear-down rebuilds as SFH, but several owners added back-yard cottages, and 2-3 properties have sub-divided and remodeled the original SFH and built townhomes on the other lot.