We connect on some level (sadly at this point, probably at the mother or grandmother level.

I’ve been interested in real estate investment for about four years now, and just last month purchased my second house in Columbus, GA.A business partner and I bought a 60 year old 3BR/1BA Dutch Colonial in the Lake Bottom Park District, a gentrifying neighborhood where mother-in-law suites are quite common.Ours has a duplex in the back that rents out of $450 a piece and we are living in the Dutch Colonial with a third roommate.We bought the house for $116,000 which was definitely a steal considering the location and cash flow potential of the property.The previous owners had inherited the house from their late mother a few years ago.They were having trouble selling it and eventually brought their list price down from $169k to $129k.When I first looked at the house I knew it was a great deal based off the location and apartments, and I couldn’t figure out why it hadn’t sold.Apparently the problem lied in the fact that there were no comparable homes in the area, so FHA and VA loans were not an option.

Background:My mother and myself own a property in GA free and clear.

Sister wants to buy from Mother and Other sister co-owners but they owned a rental property for over 30 years and so their accountant said they would have to pay capital gains on ENTIRE sale amount. 

I made him an offer this morning to sell my half to him and sign off on any interest in both dad and mothers estate (Divorced) She has a home and land also.

I still made money on those deals.There's also no paperwork between me and my primary buyer - no stupid do not competes, assignments, I'm scared you'll steal my deal paperwork, don't tell my mother contracts, etc.

My neighbor just sold his about two years ago (before I was ready to buy) otherwise I probably would have picked it up.Due to a recent death in the family, I myself am moving into a larger house to take on my mother-in-law.

There is already a tenant and they pay all utilities, too.I guess it was in the family for 57 years, the mother just passed away, and the two childeren want to unload all of the rentals.

@Sharon Duthie,Welcome and know that when it comes to real estate investing knowledge, you have just hit the mother lode of all sites.

While you may need to transition to get a good tenant in there, you'd need to discuss all facts with your mother first as she might not want to risk a vacancy and turnover costs right now, so at least find out how prepared she is to handle it financially if you have to evict.