Market is hot here so speed is key.

@Eliza Alexa I would consider a 1031 Exchange or Reverse 1031 to purchase a better quality home or multi-family property.

You'll get up to speed pretty quick.

., and then once you've found a good trade ask them if they know any others that provide the same quality they do.2. 

A high quality company will be on top of their KPI's and their numbers will match.

Pricing includes pictures, report of areas that need improvement, and opinion of overall quality.

The “bubble watch” scorecard is based on average rankings for overvaluation (listing prices vs. values); overheating (list-price gains vs. value increases); selling speed (days on market vs. a year ago); year’s inventory change; and year’s rent change.

If you could rent it for $2300 once you pay taxes and insurance and other costs, you’d have to use the BP Calculator, I think you’d have a nice cash flow to help with your mother’s expenses.Of course you’d have an upfront cost to get it rent ready but Home Depot and Lowe’s have inexpensive good quality laminate plank flooring that’s easy to maintain and lasts so much longer than carpet.

I should also keep a decent amount for reserves, so I shouldn't just spend $40k as soon as I have it, etc.Real estate is a slow game, but once you get the ball-rolling, though, it builds up speed and momentum, especially if you really dive in to find good deals and use OPM.

Congrats, you can find good quality home inspector for your area at NACHI.org or ASHI, these are the biggest home inspector associations in the nation.