Shamelessly my mother is going to be my first partner, as she wants to get into real estate investing as well.  

If that is my market then I will give the market what it wants and that is a safe comfortable older two bed apt for 500 bucks a month .everyone needs a place a to stay and I unabashedly say I am in this to make myself  money -not start a community reinvestment program to help single mothers on welfare.

Unfortunately, she doesn't have a great credit score to begin with and also lives paycheck to paycheck as it is, while supporting 2 kids as a single mother so not sure we would be comfortable with just her living there and trying to cover the rent. 

Since she is his mother's age, I'd have to resort plan b.Small claims court to $6k (or the max in your county). 

Cash invested: $120,000 Home with mother in law studio.

Unless you can do house hacking or rent out a mother in law suite on air BnB.

My mother and I live on four acres.

We will sell the house in under a year- so please do not suggest holding onto it for 2 years- that isn't an option we are considering.My Mother and I are getting our loans individually- personal loans to fund the purchase and rehab.

I also had to have a cosigner who is a part owner in the property. ( It was my mother ). 

Bill should be honest with Hillary because she's the mother of his child.