That said, do ask yourself before signing on the bottom line: if this tax strategy fails the IRS scrutiny test - what happens then?

I understand that the beneficiaries of the estate didn't want anything to do with operating commercial real estate, so it was just left to fail.

Too many owners fail to do this, then wonder why their expectations aren't being met.

We were in a meeting for about 30 minutes where I went over every little detail and re-assured her there was 0 chance of me failing.

A deal that has $1800 for expenses is a deal that will fail.

There could be negligence on your part for failing to maintain them.

I do commercial and there are good options but the price ranges are much higher than Single Family and the risk (i.e. in retail, ~80% of the business fail in the 1st year) could be higher. 

Or if you tried it and it failed also let me know.

Quitting your job to do real estate full-time is obviously attractive.You could listen to all of us telling you not to do it, but sometimes you just have to take a chance and make the best of it.There's a lot of successful people that didn't know they could fail and succeeded despite the odds.

Hold it close to your chest for leverage and if she chooses the eviction route or fails to adhere to the payment plan offer it one time with a shot clock.