If you do go that route, I'd conduct a thorough background and credit check considering the situation.

Do your research - Before purchasing a property, make sure you conduct thorough research on the location, the property's condition, and the potential cost of repairs.

I have been considering this method of funding for a portion of my Real Estate investments and do not know much more about it, but be sure to investigate it thoroughly before acting.

As a rental it's very management intensive and you must thoroughly understand the market as a rental before you buy.

. :)In short, do a very thorough due diligence on the front end, and as always, CAVEAT EMPTOR!

That is thorough.  

Look up your local landlord/tenant act and read it thoroughly, to see if there is anything in the landlord tenant act which you can use to get her out.

Makes me wonder if there's something out there like a home warranty, but for a mixed-use property.I'll be sure to thoroughly check those big-ticket items when I actually look at the property I'm interested in.

Conduct due diligence: Conduct a thorough inspection of the property to identify any potential issues that could impact its value or require repairs.

You can only do Step 2 thoroughly if you control the Trust.Step 3: once you know the problems, come up with a solution or several solutions.