We own primary home with 50k equity.Want to invest in lower risk, low or no repair/rehab work real estate.We will sincerely appreciate all advice.

I can PM his email address if you would like.Ken

And that's if you don't have to hire long distance management and before the costs of rehab.  

Of course, the closer you get to the Ocean and the further south you go, the prices can go up, but it's a totally different market then So Cal where $1million+ homes are the norm.Can you connect with me and send me the address?  

After the rehab, I want to rent out the property and put conventional money on it, I assume the bank I get the new loan from would look at my debt to income ratio correct?

@Cory Ward missing valid pieces of information here like what's the plan on rehab?

Make sure you include all costs - sheriffs, movers, storage, etc.Normally I'd want to know a lot more about the basement flooding, but since you've said it's a demo, I'd let it go and address it with drainage and/or french drains when you rebuild.Good luck!

They provide the money and you provide the knowledge, time and energy to get the property rehabbed and re-sold.

We had a great experience with Crown Services on a full basement rehab. 

If not covered explicitly in her will, it will likely be addressed in probate (depending on the laws in her state or residence).