We have a healthy rental market but if you are closer to the beaches even better. 

I work with New Western, and we specialize in sourcing off market properties that are great for flips, brrrr, and rentals.

Quote from @Denise Evans:Often, owners or heirs will have to ask themselves, "If I spend $2,000 (or whatever) to redeem this property, is it reasonably forseeable that I will be able to fix it up and either sell it or turn it into rental revenue?

***Update Here***Should I keep Or Sale Gut Flip in B- area.If I sale my new flip best I’ll get is 30k after 9 months.If I keep as a Long term rental I’ll have to convert the garage into a 1 bed cottage at an additional cost of $35k leaving a total of $107k left in this deal after 70% refi and closing cost.

For background info, this is going to be a rental to students at a local grad school who will prioritize function over aesthetic. 

I moved here from Portland OR to start house hacking then moved on to purchase rentals and grew my rental portfolio to over seven figures.

Town discovers the addition after you buy it, such as during a rental inspection.#1 Will impact your transaction progress as Seller might not be able to get a U&O without resolving the issue.

Our properties offer strong rental returns, and we can provide insights on both building and buying to help you make the best decision.How about we set up a quick Zoom call to discuss your goals and see how we can help you achieve them?

It sounds like the ONLY benefit in this deal is the 0% carry-back and you are trading that for a reduced rental rate renting the property back to the family member.

Generally, one question I always ask myself when buying rentals is: would I live here, if need be?