I can't stress enough that you get the property under contract. 

., resulting in higher risk, less profit margin, and greater stress and worry.Higher leverage may often result in margins too small to hire a competent property manager meaning the investor will be managing the property herself or managing a revolving door of less than qualified individual property managers.An investor in any property needs to consider not only how they they will purchase the property with available cash, but also the consequences of investing with high leverage.  

My grandma is done with it all and I'm afraid that all of this stress is going to hurt her.

Rehabbing can be profitable, fun, stressful, costly and so many other things.

I stayed in a Beach House in Virginia Beach for my Nieces Wedding and was surprised that they were going for $1.2 M.  

Best of luck to you on the rest of 2016 and congratulations on your upcoming wedding!  

As a parent, it's stressful wanting to be able to give them more (by that, I don't mean money/expensive gadgets) but a more suitable living environment (no cockroaches/mice infested/ants).

That would alleviate stress and free up your time to decide if you want to invest in a rental property that will get you closer to 1% rent to property value.

I think common law and public policy would *likely* be on the side of these LLCs in Virginia, but I would stress that such incorporation strategies *appear* untested in our state.The purpose of my post is not to promote buyer's remorse or to scare any readers.

Structural and foundation issues are a risk in older homes, so an inspection is key (until you have enough time/knowledge and desire to go under houses.....).Gurus (the major traveling ones plus those pushing books & programs) accentuate the positive but fail to stress risks!