Give some more detail about what paperwork she has been given, and you will get better advice.

There are numerous posts here that talk about the details of the math for both flipping and renting, so I'll only briefly summarize here.

In my opinion, reputation is VERY IMPORTANT in this business.

I am saddened by the reputation realtors have.

Hard to analyze without more details.

Hard to explain without going into to much detail.

The details I posted were in-town numbers.

You can go to your local Section 8 office and pickup a landlord packet that will describe the Section 8 program in detail.

I don't know the details but I have seen some of the sale prices that have gone way under market value because he needs the cash fast.

You would need to have a purchase contract with the seller like Wheatie said above, for your specific state get with other investors at a local REIA meeting to see what they use and put in their contracts or go to a RE lawyer.And again Wheatie's got it, once you have the property under contract find a reputable title company, preferably one that works with investors and they can guide you through the rest!