Our efficient project management ensured the renovations were completed on time and within budget.

Property manager recommends Porcelain Tile (states more durable in long term) over luxury vinyl tile/plank.  

Listen to podcasts, watch online seminars, network, find a mentor, and use software for managing properties and tools to analyze deals.Start your first investment on a small scale, like buying a single house to rent out or a small apartment building.

Our efficient project management ensured these updates were completed quickly and within budget.

However, a few things I would suggest to give you a better perspective is: 1) Talk to property management companies in the area to see if they operate in the area and/or have comments on tenants in the area, 2) Speak to a few banks to understand how they would lend on this property, 3) Scan Zillow/craigslist and other listing sites to understand the rental market for listings...

Wish management would be paid better.

My mother-in-law is managing the state and doing some projects to get the house in better shape before going to the market.My husband and I would like to purchase the home as an investment property (rental); my mother-in-law stated that she would "discount" her part of the purchase, which means we would only pay 66% of the original price.I am trying to think of alternatives to borrowing the money.

My plan for property is to rent after rehab which the same realtor has a property management company we’ve discussed using. 

Hey @Dennis Gallof - I'm a broker, investor, and property manager in NYC to landlords like yourself.You're right, its very common for basements/cellars to be rented out (legally or not).

Our efficient project management ensured the updates were completed swiftly and within budget.