Taxes...that is a question depending on your circumstances. 

Now if the tenant had a home business or a pet those are different circumstances but to deny coverage only because they receive section 8 does not make sense.

@bob malecki under what circumstances would a second be stripped?

Another common trait I see with many of the guru/mentors (especially the local one’s), is how they generalize everyone’s unique circumstance.

I would be more inclined to make sure that the money coming to your mother now was invested in a manner that protected the total of that sum for the remainder of her life, generating whatever means of annual income it is able to generate in a principal protected, relatively low fee environment, and at the time in the future when those funds become legacy assets for you and your siblings, that's when you and your siblings should do with it what you want to do, given your individual circumstances, financial needs, dreams and desires at that time.  

Prices are much higher and you're looking at a very different clientele for the most part.As for your question on home ownership, i'll say that like anything else it depends on your circumstances but personally, if i could go back in time i would do the "house hacking" method that is talked about so much on BP.  

I don't pretend to know your personal financial situation, but that is a crazy thin margin (if there is even any margin at all) when accounting for these unforeseen circumstances.

If you mean go through an attorney to protect you when wholesaling to an investor, circumstances dictate.  

What did cause pain was a fire in 2013 - - circumstances beyond control - - but even then the MFU saved the day and was net positive all the while.btw: my fixed expenses are 30% and no where near the inflated $5k example shown.When I bought, I determined the fixed breakeven point as 70% occupancy and never suffered anything near that.When the UK exits the EU, Greece & Turkey collapse, THEN we will see issues hard to deal with.

I know this experience has completely eliminated my use of seller financing (to sell) under any circumstance or term.