This worries me because I do not want to be taxed on this money.If the money sits in my bank account for 60 days, is it safe to assume I should have no problem using it for a loan?

Before I make any leaps of faith, I'm learning, I'm playing it safe.

In a JV, your money is stuck in there until the project is done.Account ClosedCan't make a blanket statement to say that 2nd is not a safe position. 

My question is this: How does one find another city to invest in that is somewhat safe?  

If you structure a cushion in your deal such as a 36 month lease with the seller and a 12-18 month lease with the buyer, there's plenty of room to be safe.

My only concern is her credit isnt great so im not sure if she could even get another mortgage.If she keeps it she needs to do some major improvements which will costly likely over $50k easy to do just to make it safe to live.

Also, for any advertising, always avoid the words "low risk, guaranteed, safe, and secure."

Without knowing your budget, what you consider safe\risk tolerance, how far you are willing to travel, asset type, your level of living expectations, lifestyle, local neighborhood expectations, the tenants\roommates you want to attract, and other criteria, it's hard to recommend an area.Your Class A, B, or C asset type class expectations versus another's view maybe totally different.  

It's safe to say there are no right or wrong answers here; rather, it's more a question of strategy to help you get where you're going.

In all seriousness, I think white is a very safe color for kitchen cabinets.