If the 'cost of money is roughly $600 per month, this equates to ~30 nights (through Management company), fewer nights if we were to engage AirBNB type service, and find local cleaning / turn-over service. 

Hie @Ben SanfordWelcome to the site.you'll find alot of useful resources to building that passive income from real estateStick around and engage the community for an optimal experience

I have a one and a half year old daughter and been engaged for nearly a year to my lovely fiancé.

Anyways, we put 20k into renovations with all new kitchen cabinets, new vinyl plank flooring, new interior and exterior paint, all new bath vanities, toilets, new windows, new glass sliding doors, basically everything is new except the carpet. 

The more information through screening and engagement you can have with the potential tenant the better.Management is of course more labor intensives and good property management I feel becomes a greater factor in success the more units you take on within a single asset.

Flooring such as vinyl plank goes down very fast and gives a quality look.  

I am looking forward to engaging with everyone on different topics!

Make sure you engage people on the forums and at local meet-upsEnjoy your journey reach out if you need anything.

Not trying to be harsh, just trying to keep you from frying your IRA by engaging in a prohibited transaction.

Find an individual with the CRE (Counselors of Real Estate) designation, interview him, and if their is mutual interest engage his sevices to guide you and your mother.