Long-term, my focus will be the greater Huntsville area (wife eventually wants to settle in Northern AL), so I have enjoyed both books by David Greene, Long-Distance Real Estate Investment, and the BRRRR method.

The downside would come if you are not getting good enough deals to justify the BRRR method and you would then grow much more slowly than starting off with a portfolio rehab loan from the beginning.  

Due diligence:  I would find out what the lender's underwriting parameters and due diligence procedures are and if you agree with them make sure you have a method in place to insure they comply with those methods. 

Once you find the deal, and it's truly a great one, everything else can be solved.

@David Rom  The BRRR method in Ft.

You could solve that potential problem for her by structuring an installment sale.

And don't get me wrong, I value to always offer a service that makes people happy and solves people's challenges, i don't know why.

Also research fraudulent renters and the methods that they use. 

The method of investing that I believe currently suits me best is the buy and hold strategy.

Plus since it's a LOC on the condo, the 'minimum' required to pay goes down over time, so if rents decrease over time for a recession, we should be ok.They way our family sees it, is that it solve the immediate need of Mom and Grandma to get into a single story home, closer to us.