This would be ideal for our association!

Having your license, insurance, MLS, Realtor Association memberships, etc costs north of $1,200/year.  

Check out the Georgia Real Estate Investors Association for local education and networking.

For that, I'd suggest either a BiggerPockets meetup or a local Real Estate Investors Association meetup.

Hi @Parney Willson, my short answer is that there is easier and less risky money to be made in real estate than buying a condo with a rent stabilized tenant, in NYC.1) Condo - lots of additional due diligence needed on the condo association and risk to you if others do not keep up with their dues2) Rent Stabilized tenant - NYC recently implemented a new set of regulations called the Statewide Security and Tenant Protection Act 2019.

For starters, investing out of state can be extremely difficult because it is impossible to intimately understand a market to the degree necessary for success.

Absent this, and with her broker's approval, she could use a real estate attorney to write contracts and associated amendments or addenda.Sorry to be a wet blanket with the broker and commission talk, but just trying to keep your sis and you out of trouble. 

I'm assuming you are talking about buying and leasing to friends/associates etc to house hack. 

@Crystal Sutton Check out the Georgia Real Estate Investors Association for networking and education.

@Jen Alden Wilmington Island don’t have high Home Owners Association fees (most of the neighborhoods) which means your payment fully dedicated to interest, principle, taxes, insurance.