The liquidity requirement varies from lender to lender, but  the general rule is 10% to 20% of the loan amount.. so, If you’re wanting to borrow a million dollars, you have to have at least $100,000 after closing; $150,000 or $200,000 is even better. 

I don't have a process for credit checks but I do do a criminal and eviction check.

I have a town home in the Frayser area that is a 3bd 2 1/2 bath with a balance of 4k owed on it recently new carpet, painted .  I currently rent it for $650 a month would like to pay off this month (October 2018) but ...

That, coupled with my existing Business line-of-credit and cash on hand, I can pretty much buy houses to rehab and Flip at will, (up to a certain point).

Depending on where your credit is at 7-8% may be more realistic.  

The only hope is to convince the daughter to cooperate....a foreclosure on her credit won’t do her any good.  

This kind of thing varies by locale. 

You can find duplexes in those areas that need some work for around $150-200k that will already be cashflowing and with some renovations can increase cashflow.I've done this and on my first duplex, I was able to get a $25k line of credit which I used to purchase another duplex. 

I have done over 100 deals without any of my own money and credit so you dont need funds to start.The other thing you can start doing is start looking for money partners to joint venture with.

If she won't pay the extra money just explain to her that as long as she gets out when she says she will and leaves it broom clean, you won't take her to court and ruin her credit.