It's important to address her fears and hesitations, which often include things like getting phone calls in the middle of the night from tenants, having all of your spare time taken up, what happens if a house burns down, etc. etc. etc.

Purchase price: $58,000 Cash invested: $35,000 Sale price: $145,000 Total cosmetic rehab including, interior paint, exterior paint, new roof, new flooring, new tile in shower, new fixtures and painting basement.

I am 59, and my household includes my wife and two adult children.

At the moment, this house loses me about $1,000/month with me living in it, but once the basement is finished, which will include a walkout and kitchen, and my interest rate matures later this year, this home will bring in about $287/month without me living in it.

Some policies will include Liability coverage.  

You need to figure out the Net Rent without utilities and factor in you paying for water as most cities only install one water meter per building.

A few methods include: Real estate conferences (which can be costly), joining paid communities (which can really be costly), the meetups and forums posted in BiggerPockets, local events, and other online softwares that allow you to search for buyers specifically interested in your location and preferences (of which I like freipro.com the best).

Still, the best card for you will depend on the creditworthiness of the personal guarantor (which I assume is you) including your credit score, recent credit inquiries on your credit, debt-to-income ratio, and the age of your business, and a host of other benefactors.

I’ve sponsored & mentored nearly 40 agents across 10 states, including CA.  

All this matters including so much more.