If you can attract a lot of interest, you could even price it low knowing you'll get multiple offers and be able to get them to bid it up. 

Goal is to get a couple local rentals and move her into one and rent out others. 

Make the most of learning from your friend's dad and consider joining a local REIA if your parents are supportive.

How the local municipality views multi family might be different.

Also, attend local real estate meetups in your area and talk to local investors doing deals in that market. 3.

Like Robert Kiyosaki's "Rich dad" buying up parts of Waikiki beach before it became a major tourist attraction.

@Ryan PetersonJoin the local Real Estate Association.

(which I like) so I would like someone with local experience rather than be the farthest flung property for a city-focused PM (if they'd even do it) and potentially become neglected or incur higher costs because of distance and/or unfamiliarity.A little help?

But the old concept of buying local (and fix,rehab,rent) is always working good for me.

Just make sure that the local zoning laws and HOA (if applicable) allow for this arrangement.Down Payment Terms: Spreading the $20k down payment over 6 months can ease the upfront financial burden, but ensure you have a clear agreement with the seller on this timeline and any penalties for delayed payments.Best of luck moving forward,KC