@Meaghan Simonich the best advice I can give you as an out of state investor is to clearly define your criteria in terms of the class of properties and neighborhoods you are comfortable investing in and knowing the areas in your market that fit that criteria.

When looking at multi-family properties you do think in think in terms of 'ARV'.

What are your parents expecting in terms of a return on their investment?

If I felt I was losing control over it in terms of who I can rent to and for what price and if evictions were barred, I would consider taking it off the market.

My guess is he in speaking in terms of getting Homeowners insurance which also requires you to occupy4.

From what I u see stand, because I’m not connected to her linearly, I should be “qualified” in terms of being able to take profits on deals.

BUT, during C-19, I think we're seeing far more rental owners actually turn towards virtual listing tours as a potential route (so as to keep everyone safe - prospective tenants, landlords, and possible current tenants).In terms of getting the listing created and up on multiple sites, there are definitely some tools that can help with self-managing the listing and tenant screening process without needing to shovel out a ton of money to a property manager. 

This might be a good opportunity to get out from that and get into a more stable asset, in terms of holding and gaining value.

In terms of updating the clause, to have the tenant pay for first $100 repairs, I dont' think that's legal here...

In terms of your question, as stated previously, most areas that are 50k a door are going to be in rougher, less attractive areas.