Personally I would go to the family and show them market rent prices and make them realize they either have to let you raise the rent to 1/2 or more or they need to look wet the price to compensate for the lost rent.Figure she is going to live there another 5 years before death or being moved into a nursing home and try to estimate the cost of the lost rent and take it off the purchase price.

The topic of wholesaling interests me since I've read that it's a great way to learn and get your feet wet if you're strapped for cash.

What you actually mostly see is no upgrades at all:).Combine the above with some basic, common sense knowledge about the different neighborhoods, or should I say blocks, this is Schizophrenic Stockton after all, estimating what you will be able to get in rent for these properties is also fairly predictable.For all the above reasons these types of properties are definitely what I would recommend to new out-of-town investors looking to get their feet wet.

Carpet is wet and either paint or plaster is starting to chip off the wall (hard to tell from picture).House is 60 years old in Commerce City.  

Local so you can be involved in it but turn key with property management so you have help getting your feet wet.

This was all solved by a can of Bull (Black Tar, Wet or Dry) that stopped the leak.

So getting my feet wet was pretty easy knowing I could cover 100% failure without financial ruin. 

I would like to get my feet wet by the end of the year or early 2015, right now I'm just being a sponge trying to absorb as much info as I can.One step at a time-Sam

I am 59 and would like to get my feet wet flipping and mainly acquiring rental property.

Our wet periods are right before & right after the hot dry summer months.