One main issue being the frig water line leaking and no one saying anything till I happened to go in the basement and see the waterfall coming from the first level - ruined my new hardwood floors :-(  Wondering if peoples fears and issues change much from different cities like New York, Dallas, Los Angeles, Orlando, Seattle, Kanas City, Etc.

I'm going to keep looking, and ill work on my handyman skills (;.

I would like to do a live-in and flip but I am aware of my level of inexperience, I don't think it smart to act hastily.

@Kevin Zheng   Dollars and cents aside - what is best for your mom - there's pro's / con's to all 3You're asking a somewhat vague question as there are lots of things to consider - such as how much money she has (will she outlive it and eventually go on govt assistance -- the answer to this really could help you in your search for an AL facility or SNF (skilled nursing facility) --- What are her present needs - how is her health - what does she need help with presently?

Depends on whether the activity rises to the level of a trade or business or is merely an investment.

@Zachary Schimenz this will vary greatly on the size of the house, number of bedrooms and baths, level of finishes in the house, overall condition.

3) Are you managing these yourself, and if yes, what is your level of experience managing rentals?

If it’s a limited partnership, The activity from the rental will be shown on the partnership level.

More luck than skill for sure, but I like to think I recognized the head wind causing my decision to sell and take the profit.

@Bruce HansenMost of the neighborhoods around downtown are seeing a tremendous level of this, some more than others.