The reason why most don't make the jump is due to financials, either your net worth, liquidity, or the ability to raise money.

The cost of the rehab is my financial responsibility which we estimate to be equivalent to his investment (40,000).

She has a lot of equity in the home that is payed of, so what would be a good way to used that to downsize and invest so they we would be better off financially in the future? 

Out of state investing is great if you're looking to achieve financial freedom and if you have a full time job then turnkey rentals are a great route to go.Let me know if I can be of any help. 

There's no better time than now to start paving my way toward financial independence!

Here is my current financial situation: My primary residence is paid off and my current equity is worth about 200k.

@Kusum Chanrai One way to speculate on heavy upside is turning to areas which are soon to be better served by public transportation, for example Chinatown which will soon see the extension of the Muni Metro T Third line through the financial district.

Financials below.Our question today is with 25%-30% down for the acquisition, how much do you all think a bank would loan for?

When you're financially ready to do so, you can then tackle the third unit.

It took 6mo to find the ideal first property that met our financial goals.