I don't believe it is safe for her to be in there and I need to do the repairs and update the place without a tenant in there due to the safety issue.  

That's safe cash flow.

@Kevin Bass for a low stress level and safe plan I would suggest the following.1.

One investor and you this should give you a safe harbor for not soliciting or setting up a security.. 

I just try to cover all the bases, so when my 'paranoid' radar goes off, I start drilling down on the issue until I feel it is safe.

Being this is your personal home, you can safely be a little more picky.

Newbie here looking for advice:While I saved up cash for real estate, I didn't want the money just sitting in a .05% interest rate savings account, so I moved it to a brokerage account and invested in relatively safe large cap stocks to earn a better return than a savings account.

Buy something for cheap with cash, make sure rents will make the 2% rule (or whatever #'s your looking for), and over budget for the rehab just to be safe. 

Best to be safe.

So I thought may be we can buy a condo and do Airbnb and we can use the condo when we drive up.