PM me for contact details. 

Now, as an investor, you HAVE TO think for the worst case scenario, and price and do your analysis that way, THEN, hope for the best.

If you can say with confidence that the Zestimate is usually within 10% of reality in your market, or is consistently 20% high (or whatever), then it can be a useful rough screening tool for a quick desktop analysis. 

Some details are missing from the whole story but based on the numbers that you provided she will be a renter for a long time. 

I've also listended to all but maybe eight of the BP podcasts and have a conceptual understanding of different strategies and options; my background is in financial analysis and corporate valuation. 

Example, we had an application that looked good, except for one detail.

@Dave Foster or @Bill Exeter can give more specific details.

The loan, OTOH, has no effect on the taxable gain.I would advise you to sit with an accountant or financial planner and go through the number in detail, with consideration of your other income, and discuss future goals.

This gets a little more complicated, feel free to contact me offline about more details.

That said, here are some details of my first deal:Location: Toledo OHType: Duplex (2/1 @ 2)Purchase Price: $49,000Appraised Value: $62,000Current Gross Rent: $1065Market Rent: $1,2501% Rule: 2.17%COC: 17.37%Financed w/ 25% DownThis is a long-term buy and hold.