The biggest investments may take a few years to nurture! 

Are you able to carry the costs of a rehab for 3-6 months while the work is performed and before you have it rented?

Additionally, shop around an umbrella coverage.Speaking of insurance, have your lease mandate tenants also carry renters insurance and provide evidence of the renters insurance prior to move in.Probably obvious, but I use Avail for customizing applications, tenant screenings (background, credit, eviction check), creating a lease, and collecting payment.

They carry most of the popular ones in topics from Roofing and Siding, to Masonry, to Trim, to Tile, etc.....Try each book out, when you find the one that speaks to YOU, then buy it used off Amazon to keep in your personal library.

I can assure you all that I have what it takes to carry out my duties, and would be delighted to talk to you personally so you could learn more about me, and determine whether or not I am fit for it.

Carrie

Get a mortgage to pay off her loan, have aunt carry back paper on the rest. 

One of the "10s" can also come from the Seller, if they're willing to carry back. 

I think the outskirts of the "lake" "slopes" etc. even though prices are significantly cheaper carries more risk, assuming you are trying to offset cost.

Not exactly Joe the because the less you know the more about Real Estate the more RISK YOU CARRY.