If you find an issue that you think makes her life not stable and it worries you enough that you think it will jeopardize the rent payment, that is a reason to not except her.

I have a plan to do some flips/wholesale deals that should make repayment a non-issue.  

There are so many forum posts from OOS investors, especially in California, who rush into something in the midwest and then get crushed by capex - a foundation issue, a roof, etc.$100K is a lot to put into a random property in the midwest... and, as is a feature of real estate, the nicer the property you buy, the less you're going to cash flow.Hope this gives you some things to think about

In my experience the people will usually move out before you have to have the constable or sheriff force the issue.

While it might seem like a significant upfront cost, properly addressing these issues now can save you from more expensive and complicated repairs down the line.Best of luck with your trailer house project, Emmitt!

If they have been good tenants and reasonable, you shouldn't run into an issue.

Purchase price: $160,000 Cash invested: $28,500 Fixer house with foundation issue.

Then pay off the heloc (if #3 is not a issue), because when you find your investment property you can just use the heloc again for the down payment. 

If there are no structural issues and you are looking for a full gut estimate, it can run you 100-150/sqftI GC'd a full gut rehab on a triplex that cost me about 90/sqft.

Also, some lenders allow a shorter seasoning period so that should not be an issue.