A tiny basement studio with no light and old fixtures ... probably not going to do it.

@Jason SchimerMiami, FLis an extremely challenging market to invest in, and knowing all about the different neighbrhoods, dynamic market trends, emerging areas and prices down to the sq/ft for every zip code will make you succeed in Miami.I just did a 100% cash on cash ROI in Miami, FL in 92 days for a duplex in Little River area of Miami.

I am not extremely worried about getting all the cash back because it will be my home, not as much of an investment. 

I would strongly advise that you work with a realtor who understands your local market extremely well.  

I like the idea of it, because it's only 1.5 Hours to Washington D.C. etc and would love to build either a cabin, or something low maintenance like a Tiny House to rent out and/or enjoy for myself. 

I have been extremely instrumental in helping to turn the community’s financial situation around in the past 2 years as I joined the board as the president and have initiated several upcoming and impactful capital improvement projects.

Then, I always do what is necessary to ensure the residence is clean, safe and functional:Make sure it is extremely clean and free of odors.Give it a fresh coat of paint.

I am extremely interested in wholesaling. 

She wants what she owes on them and that is extremely doable. 

Resale of the home will be extremely difficult and reduce the property value by tens of thousands.