I’ve found the potential property and am now researching it.

House hacking is always a safe bet, which should give you plenty of possibilities and allows you to put a much lower down payment. 

As soon as it is basically clean and the smell is gone, you can have potential new tenants walk through. 

Assuming you have about $52,000 for a down payment, you could potentially increase your purchase power using a 10% down investment loan product.

Have your daughter look at the Neighborhood Assistance Corporation of America (NACA) program.NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.comI wish you all the best.

Comparing to comparable STRs in the neighborhood would be the best way to determine your potential income 

Fannie Mae just approved allowing lenders to count potential LTR rent on ADUs, for instance.They still don't like MTRs or STRs/Airbnb.

The potential profit margin was great!

That’s the best bet.

Hello, what do you do when a potential tenant has co-signed for a lease and that person got evicted?