@William Hutchmaybe start with a live in flip a bit away from the cityi would not partner with multiple people on your very first one - that seems like a disaster waiting to happenhigh rates are just where the market is right now

So while things may seem difficult right now, remember the US is doing absolutely fantastic compared to everyone else.

I thought maybe she’d like the increased income and reduced liability as she approaches 90 years old but I see the tax issues might be too big an obstacle as she does seem pretty well off. 

SoCal CAP rates do seem to be 5% from the redfin descriptions I read on some of them.I'd much rather buy a 1 million dollar SFH in north county than a 1 million dollar 4 unit in a low income neighborhood. 

their preparesrs seem to have a problem looking at your actual bookkeeping records. 

I'm not sure what your states are like but Indiana's seems to have a fair amount of money.

Seems to come with its strong advantages.

Paying cash for the foster family home seems like a compassionate choice, but if it strains your finances too much, it might be worth considering financing part of it to free up cash for the remodel.

They also do not seem to pass that on to me.

My initial thoughts on strategy is to buy and hold and ultimately build equity.In looking locally, Oceanside seems like a more "reasonably" priced coastal location compared to some other San Diego areas.