This means I would probably have to give up some cash flow and focus more on potential appreciation (general or forced).

Originally built as a hotel in 1918 to house the labor force of The Little Daisy mine in Jerome.

And it takes a city or county that is new construction friendly (easy permitting, low impact fees, reasonably priced building lots, etc).

You manage the property for her, it's a long-term commitment, and what goes wrong with the deal is ALL ON YOU.Just ask yourself what could go wrong and how you'll be forced to resolve it to maintain a strong relationship with your MIL.

File a lis pendens concurrent with a suit for specific performance (Forcing the seller to close on the deal).

Opportunity to learn about the latest laws to impact landlords in Washington State. 

Create a Buy/Sell AgreementA buy-sell agreement, also known as a buyout agreement, is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or is otherwise forced to leave the business or chooses to leave the business.

Do both ofthese at once and go with the one with the best return or impact.

It all depends on the tenant pool they target, the location, and the property's condition.The tenant pool for C Class properties in Las Vegas is largely cash-based; no credit cards, no bank accounts, no loans, nothing.

As mentioned, unsure what Georgia is like, but curious to know if Georgia has something similar in place where bankruptcy proceedings would impact the lender’s ability to stake claim.