You'd essentially be doing the work of a wholesaler but instead of selling off the contract, you buy it outright.

Cash flow is so unpredictable hence I'd rather build in a solid safety net to take this uncertainty into account. 

This allows us to know approximately what we’ll spend during the renovation/furnishing stage after we acquire the property.BudgetWe go through our list of renovations & label each item as essential or nice to have.

Also, our number one service is comfort and safety to our dear future tenants, and our peace of mind.Third option is, just don't rent it, keeps the code enforcement away, and great lesson learned.Best wishes.

Essentially, to file for a protected series, you must file an assumed name certificate in compliance with Chapter 71 of TBOC.

And then you have essentially saved the interest amount on that line.

I've always been told to avoid variable rates but if it's essentially a fixed rate for the first 10 years, is it a bad idea to go ahead and refinance with them and just expect to refinance again before the 10 years are up?

You would keep the loan in place and essentially pay her mortgage for her. 

You're essentially taking a 10-20% loss on day one. 

(We could frame those ideas in positive language as desire for safety vs desire for a goal.)