In this area, the rents are probably between 800-1300 per month depending on unit size, and you can easily see how a working person making $15-35 per hour can afford a rental. 

Unit billing can become a bit complex, but will probably pay for itself easily in increased rent you can ask.

I have been told that since we already own this home, and the interest rate is not too bad for a rental property it might be a good way to easily work our first SFH deal and provide a place for mother in law to live.What do you think? 

It most likely will come back negative or can be easily treated/removed.

Just like a life-cycle fund, the entire American economy found itself naturally rearranging itself around this group of young workers.  

It turns out to be very risky when you know something can go wrong once you start construction or it can sit on the market much longer than anticipated, so after all is said and done that $50k could turn to only $10k fairly easily.  

Purchase a house in an area zoned R2 that is easily split into a duplex.

That house would easily be worth 350k and I will own it outright.

So in fact, the property that the newbie budgeted $10k for a light rehab, could very easily cost $40k+ once you add in a new roof, electrical & HVAC and the hundred other items missed in their light rehab budget.So as a new house flipper you need to educate yourself on how to truly inspect properties and create an itemized scope of work of every single repair that needs to happen on the property. 

If I was an agent I could easily get this information, since all of my past RE agents I have worked with here in Las Vegas have easily been able to gather all information and current rates and numbers for me.