Once you do this conversion it will be difficult to change it back to a traditional long-term rental. 

I see one house for rent and assume it must be yours. 

Congrats on your first deal!

Looking back 10 years this complex had dues increase for most years at around 3% but for 2023 it was 18% and 2024 19%. 30+ year old complexes really start wearing down and many times were not the highest quality construction.

I just finished reading Dirt Rich and it's peaked my interest in the possibilities of land investment. 

Pay the mortgage completely(I think he heard Dave Ramsey's advice that it is better to fully pay your house first before doing investments).Thank you. 

Just like you, she can do RE as a side gig and learn a lot more while she keeps her own nest egg going and her lendability strong with a regular job.You should loop her into a major document with all of the properties and all of the profit and loss and go through them one by one and talk about whether to sell or keep, and also base it on geography for her and your collective choice of management.

First it's non-recourse so it disappears from your personal balance sheet. 

It's a bit cumbersome, you have to maintain strict financial separation, and because the loans have to be non-recourse, your LTV is lower.

Remember the lowest price is not always the best when it comes to insurance!