In terms of price/budget - it'd be in the 500,000 - 1.2M range.

@Ryan Swan what is the price range for a SFH + ADU in the Phoenix/metro area?

What you are looking for answers on will vary across markets, assets, values, and conditions. 5+ unit apartment financing had one of the widest ranges of terms available.

If it's not in the specified condition, either refuse to close or do a hold back of funds sufficient to remedy the situation.Careful with the electrified fence. 

The structure you are looking at works fine so long as the asset generates sufficient cash to cover expenses; however, as all RE investors know, the unexpected furnace malfunction or roof failure requires injection of outside capital. 

Low range homes often take more work because they tend to be in worse condition and require more inspection visits and tougher negotiations.The difference is she'll earn $1,350 vs $15,000. 

In this area of Eastern Idaho there are not a lot of properties for the price range you are looking for.

In my example above I was thinking 10 homes that are basically about the median price range in a county, in nice condition. 

With a HELOC you could still tap into the equity, but not have to worry about moving, and go to a Midwest city and buy rentals around the $100-200k range per each and just put 20-25% down on them.But overall as everyone said above, it’s important to define your lifestyle goals and then fine how real estate can get you there.

Your notice was more than sufficient and you need to stick to your guns.