An eviction will make it challenging for her ever to find a quality rental in low vacancy areas.  

The biggest thing to me is buying in quality areas that will increase in value over time.

@Vijay Singh SambasivamI would suggest speaking to local banks, and credit unions.

Fund higher quality cosmetic / light rehab for durability and dignity for tenants.

However, by placing money in a property that I would like to have in order to increase my quality of life, that can also produce some cash flow instead of being a liability that requires money every month, I can increase my quality of life without increasing my monthly liabilities.  

The quality of your tenant is just as important as the investment you make.  

Originally posted by @Michael Kinsella:I would second what @Jay Hinrichs said above...there was a follow up post where someone got a loan from them but for realistic rates 8% or so and few points.. under 6% private / hard money simply does not exist unless its a family friends type situation. that bank rates or lower right now for new construction or fix flip Generally speaking, I would be highly skeptical of rates under 8% for a hard money bridge-type scenario.Hard money lenders are getting their capital from somewhere, and those investors are expecting to earn a reasonable yield.

Someone here can probably speak more intelligently on the process too. 

@Kyle TrotmanI would suggest speaking to local banks, and credit unions.

Goes back to that original thesis in a thread long time ago-- quality over quantity.