Update: Just got a notice from the city that we (the owners) need to remove the trash by a certain date, because it's a public safety violation. 

The adhesive is powerful chemical smell, and you really need to know what you're doing as far as layout, rolling edges, etc.

When you have a 1 year old in your car, you care far more about safety and reliability than when you are 21 years old. 

This is one of those "it depends" situations without a clear cut answer, so with that in mind, here are a few things to think about.Do you or your mom want to be in the business of managing a short-term rental?

This will help you cut your learning curve and get into your first deal much faster!

You also should keep in mind your closing costs which could cut into a chunk of your 19K unless you have already accounted for it. 

That other 30% is what you need to get financing and it is an industry standard safety margin for a flip.  

For example, 5% for capex on a SFH in AL on a $900/month rental (so $45/mo) just wont cut it if you have a roof that needs to be replaced within 15 years and will cost $8K - you need to save $45/mo just for the roof! 

The property is vacant,the grass grows as tall as me and I’ve seen a man cut the grass there twice in 2 years with a vehicle parked in the driveway with out of state plates.

If it were me I would get another job and my wife get another job   As well as cut out all nonessential spending   In 2 years We would have the down payment VS 2 years from now saying I WISH I had that 20% down